According to the Commodity Market Analysis System of Business Society, the domestic cyclohexanone market fluctuated and declined in March. From March 1st to 29th, the average price of cyclohexanone in the domestic market dropped from 9900 yuan/ton to 9668 yuan/ton, a decrease of 2.34%, and the price increased by 2.64% year-on-year.

At the beginning of the month, the price of cyclohexanone in China fell weakly. Recently, the raw material pure benzene weakened weakly, and the cost support was average. Downstream demand was weak, and the market spot supply was stable. High priced shipments were hindered, and there is currently no good news to drive it. The focus of market transactions has declined.

In the first half of the month, the domestic price of cyclohexanone was observed and consolidated. Recently, the raw material pure benzene has been relatively strong, and the cost support has become stronger. The spot supply of cyclohexanone is stable, and downstream demand is mostly followed up. Due to a slight rebound in the pure benzene market, the cyclohexanone industry has stopped falling and stabilized.

In mid month, the domestic cyclohexanone market was operating weakly. Recently, the raw material pure benzene rose first and then fell, and the cost support changed from strong to weak. Downstream chemical fibers were purchased on demand, and the spot supply of cyclohexanone in the market was stable and abundant. Downstream high prices followed suit, but high price shipments were hindered, and the focus of transactions declined.

As the end of the month approaches, the domestic price of cyclohexanone weakens. The supply of cyclohexanone enterprises is stable and abundant, but downstream demand is weak, and high prices are slowing down, leading to a decline in market transaction focus.

On the cost side, some pure benzene traders are bearish in the future and actively sell their holdings, resulting in an increase in market commodity volume and weakened buying sentiment, with average transactions. As of March 29th, the benchmark price of pure benzene in Shengyishe is 8457.17 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price trend of cyclohexanone, and the short-term cost of cyclohexanone is influenced by positive factors.

On the demand side, cyclohexanone units are mainly equipped with downstream production of caprolactam, which is one of the main downstream sources of cyclohexanone. In March, the domestic caprolactam market continued to decline, and there was significant supply pressure on the caprolactam market. Some enterprises reduced their load or experienced short-term shutdowns. As of March 29th, the benchmark price of caprolactam for Shengyishe is 12870.00 yuan/ton. The demand for cyclohexanone is temporarily positive.

In the future market forecast, the raw material pure benzene tends to fluctuate strongly, and the cost pressure will not decrease. Downstream demand is high with on-demand procurement, and the market spot supply is stable and abundant. Business Society cyclohexanone analysts predict that the short-term cyclohexanone market will consolidate and operate.