According to the Commodity Market Analysis System of Business Society, the domestic cyclohexanone market continues to be weak. From May 29th to June 2nd, the average market price of cyclohexanone in China dropped from 9325 yuan/ton to 9262 yuan/ton, with a weekly decrease of 0.67%. The price decreased by 2.60% month on month and 20.22% year-on-year. Pure benzene is subject to weak fluctuations and lacks cost support. Downstream chemical fibers follow up on demand, while the supply of cyclohexanone products is abundant, and due to shipping resistance, the transaction focus has declined.
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In terms of cost, the raw material is pure benzene. The maintenance of individual supply units has recovered, the domestic supply has increased, and the maintenance of downstream styrene and phenol units has affected the consumption of pure benzene. The price of domestic pure benzene market is weak and volatile, and the overall demand atmosphere is weak. The downstream consumption of raw materials is dominated by inventory. On June 2nd, the benchmark price of pure benzene for Business Society was 6530.50 yuan/ton. The cost side of cyclohexanone is bearish.
On the supply side, the operating rate of cyclohexanone industry units remained at around 60% this week, with a slight increase in supply. The short-term supply of cyclohexanone was slightly bearish.
On the demand side, caprolactam: the cost side was adjusted in a volatile manner, but the overall change was small. The supply and demand of caprolactam itself was basically stable. Enterprises delivered more early orders, and downstream polymerization plants replenished as needed. The caprolactam market fluctuated slightly. On June 2, the benchmark price of caprolactam in the business community was 12185.00 yuan/ton. The demand side of cyclohexanone is bearish.
In the future market forecast, pure benzene may continue to experience weak volatility and weak cost support. The supply of goods has increased, and cyclohexanone analysts from Business Society predict that the domestic cyclohexanone market will operate in a weak manner in the short term.
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