According to analysis, from May 6 to May 11, the average price of cyclohexanone in the domestic market increased by 0.19% during the cycle, 0.39% month-on-month, and 1.69% year-on-year. Domestic cyclohexanone prices are consolidated and running, pure benzene fluctuates at high levels after the holiday, and cost pressure remains unabated. Downstream chemical fibers and solvents are mostly purchased on demand, and the spot supply in the market is stable and abundant. High-priced shipments are blocked, and the market is in order.
In terms of cost, the raw material pure benzene: the market price of pure benzene fluctuates at a high level. In the cost structure of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price of cyclohexanone, and the short-term cost of cyclohexanone is favored by favorable factors.
Comparative chart of price trends of pure benzene (upstream raw material) and cyclohexanone:
On the supply side, domestic cyclohexanone production capacity is approximately 7.14 million tons, and the current operating load is close to 70%, which is at a low level. The operating load of cyclohexanone was 67.46%, and the weekly output was 105,100 tons, both increased from last week. The supply side of cyclohexanone is affected by negative factors.
On the demand side, cyclohexanone devices are mostly supporting the downstream production of caprolactam, and caprolactam is one of the most important downstream products of cyclohexanone. The price of caprolactam has increased, and the demand in the downstream PA6 chip market has been good recently. The price of chips in polymerization plants has increased and the start-up has remained high, which has supported the demand for caprolactam. Moreover, the current phenylhexane difference is low, and caprolactam companies still have cost pressures, pushing up the selling prices of their products. The demand for cyclohexanone is temporarily positive.
Comparison chart of cyclohexanone price and caprolactam (downstream products) trends:
The market outlook predicts that the cost pressure will be high, the downstream demand will be average, the market spot supply is expected to be slightly reduced, and the domestic cyclohexanone market will be strong in the short term.
Post time: May-13-2024