Price Trend

The domestic market of cyclohexanone plunged sharply this week. According to the monitoring data of business associations, the average price of domestic producers of cyclohexanone was 9050 yuan/ton at the beginning of the week, 8233 yuan/ton at the end of the week, a drop of 9.02% in the week. The price of cyclohexanone fell by 0.60% compared with the same period last month and 36.67% compared with the same period last year.

II. Market Analysis

Product: After the festival, the domestic market of cyclohexanone has fallen sharply. Because crude oil continued to fall during the holidays, falling by more than 5%, and during the holidays, the inventory of factories increased, the listed price of raw material pure benzene decreased by 150 yuan/ton, which depressed the mood in the field, the intention of replenishing warehouse at downstream terminal demand was low, more cautious wait-and-see was the main reason, and the volume of market-oriented fibre sheets and solvent sheets was small. Although Fangming plant has been shut down for overhaul, Luxi plant supplies to the outside world. Considering the resumption of Huafeng new plant in Chongqing next week, it pays attention to raw material cost and purchasing of chemical fibre sheets downstream. In terms of price, the mainstream offer of cyclohexanone market in North China and Shandong refers to 8200-8300 yuan/ton cash bulk water delivery, 8600-8700 yuan/ton cash delivery in East China and 8800-8900 yuan/ton cash delivery in South China.

Industry chain: raw materials, pure benzene, domestic pure benzene Market declined. Outside prices rose in an all-round way, while U.S. outward prices supported domestic selling prices. The price of crude oil kept rising because of the explosion and fire of the Iranian oil tanker. However, the downstream demand of domestic pure benzene market has improved too slowly and on-site trading is cautious. Downstream styrene futures market continued to decline, hydrobenzene market decline dragged down the purchase price of pure benzene. It is tentatively estimated that the short-term pure benzene market range is weak.

Caprolactam: Domestic caprolactam market continues to be weak, the focus of the market continues to explore, the current weak demand is difficult to change, the initiative of the polymerization plant is not good, the procurement of raw materials is cautious, the market is bullish, the overall turnover performance is light, in the short term, the caprolactam market is still weak, operation recommendations focus on terminal receipt mood changes and factory dynamics. East China Solid Market mainstream offer 12400-12800 yuan/ton near cash delivery. East China liquids market transactions in the vicinity of 12,200-12,400 yuan/ton, acceptance delivery.

Adipic acid: Domestic adipic acid market is weak, market activity is low, business mentality is different, downstream inquiry atmosphere is light, traders offer cautiously, small yield shipment, expected adipic acid Market narrow finishing.

3. Future Market Forecast

For the enterprise side, Hualu Hengsheng has been overhauled and Huafeng’s new device is planned to be restored. We need to pay attention to the operation of the plant and the demand for chemical fibre sheets. Cyclohexanone analysts from business associations predict that the domestic market for cyclohexanone will fluctuate in the short term.