1、 Price trend

This week, the domestic cyclohexanone market was weak. According to the monitoring data of the business agency, the average price of domestic cyclohexanone producers at the beginning of the week was 7383 yuan / ton, and the price of cyclohexanone at the end of the week was 7350 yuan / ton, down 0.45% in the week. The price was 0.45% lower than that of the same period last month and 21.67% lower than that of the same period last year.

2、 Market analysis

Product: the market of cyclohexanone was weak this week, with light trading. The pure benzene market is weak and downward, and the cost side is not stable, but the downstream caprolactam deficit factories maintain low load operation. Most of the factories have met the supply of caprolactam, and they basically do not need to take out cyclohexanone. The solvent factories are slow to return to work, and the demand for cyclohexanone in their own solvent market is too small, the overall market demand is sluggish, the transaction is weak, and the market shipment is released Slow, cyclohexanone to maintain low load operation, part of the factory high price offer down 100 yuan / ton.

Industrial chain: in terms of raw materials, pure benzene: affected by the three consecutive declines in crude oil in the week, the prices of bulk commodities and external market fell, and the peripheral support of pure benzene weakened. In the week, the terminal enterprises returned to work one after another, but the progress was slow. Styrene and phenol directly downstream of pure benzene still faced a large shipping pressure, the load continued to be low, and the enthusiasm for the delivery of pure benzene was not high. The inventory pressure of the main refineries was relatively high, and the listing was lowered from 150 yuan / ton to 5350 yuan / ton on the 26th. Although some participants speculated that the spread of health events in South Korea might lead to the possibility of reducing the subsequent arrival of pure benzene in East China, hoping to support the price, the price in East China remained volatile and weak.

Caprolactam: this week, the caprolactam market fell slightly, the sentiment in the market was still pessimistic, the process of terminal resumption was slow, the staff of the downstream small and medium-sized enterprises were still short of jobs and orders, the actual demand was not improved for the time being, the low price of polymerization chips and the shipment had not yet restricted the enthusiasm of raw material procurement, and the manufacturers with high caprolactam storage location negotiated the shipment according to their own conditions, North China raised 100 yuan / ton, while East China’s price still fell.

Adipic acid: this week, adipic acid is in a chaotic downward trend. It is worth noting that most industries and enterprises in the downstream have been recovering in succession, and the logistics and transportation situation has basically improved. However, the overall load in the downstream is not high, the rigid demand for raw materials is small, and the purchase is cautious, and the production and sales are gradually weakening. However, the weak raw material end and the bad news on the periphery hit the market confidence more obviously. In the week, crude oil returned to the bottom of the “5″ word again, breaking a new low in the past year. The main raw material of adipic acid, pure benzene, was also weak on the outside. The listing of the main business reduced 150 yuan / ton, making the negative mentality more obvious at the same time

3、 Future forecast

From the perspective of cost, crude oil and pure benzene are in weak operation, and the cost support is insufficient; on the demand side, due to the sluggish demand of the terminal market, downstream caprolactam maintains low load operation, and the demand for solvent is less, and it is expected that the purchase demand for cyclohexanone is still low. However, the recent shipment of cyclohexanone is not smooth, and the social inventory pressure is too high. According to the analysis of cyclohexanone in the business society, the market of cyclohexanone in the short term is biased Weak operation.