cyclohexanone
In December, the domestic cyclohexanone market fell first but then rose. From December 1 to 26, the average price of cyclohexanone in the domestic market increased by 0.07%, with a maximum amplitude of 0.94%, and the price increased by 2.31% year-on-year.
At the beginning of the month, raw material pure benzene declined weakly. Sinopec’s listing price was lowered to 7,200 RMB/ton. The cost side was weak. Downstream chemical fibers and solvents were purchased on demand. The spot supply of cyclohexanone was not large. However, due to the resistance of high-priced shipments, some companies lowered their prices. The trading center of cyclohexanone market fell.
In the first ten days of this month, the raw material pure benzene was lowered, and Sinopec's listing price was lowered to 6,800 RMB/ton, indicating a lack of cost support. Downstream demand is weak, the domestic cyclohexanone market has declined weakly, and the focus of transactions has been lower.
In the middle of the month, the raw material pure benzene was running in shock, and the cost support was stable. Downstream demand is average, and more follow-up is on demand. Some companies are temporarily not shipping, and chemical fiber orders have been followed up well last week. Factory low-price offers have decreased, and market low prices have decreased.
Towards the end of the month, the price of domestic cyclohexanone is on the strong side, and the raw material pure benzene market is rising, forming good support for costs. The spot supply of cyclohexanone has slightly decreased, and downstream companies are following up on demand. Driven by costs and supply, the market is actively exploring upwards.
In terms of cost, the domestic pure benzene market first fell and then rose in December. As of December 26, pure benzene accounted for 53% of the cost structure of the traditional cyclohexanone process route.
The market trend of pure benzene directly affects the price of cyclohexanone, and the short-term cost of cyclohexanone is favorably affected.
On the demand side, the domestic caprolactam market increased significantly in December. Most cyclohexanone devices are mainly supporting downstream caprolactam production. Caprolactam is one of the most important downstream products of cyclohexanone. Some companies have installed equipment for maintenance or plan to reduce production, and the market's spot supply is tight. The demand for cyclohexanone is temporarily positive.
The market outlook predicts that the cost support is good, and downstream follow-up is on demand. At present, companies have no inventory pressure, and the short-term domestic cyclohexanone market is on the strong side.
Polyacrylamide
Commodity market: Recently, the domestic market trend of polyacrylamide (CPAM, cationic, molecular weight 12 million, 10-30 ion degree) in China has declined slightly, with prices falling by 0.15%. The raw material acrylonitrile is generally stable, the price of acrylic acid has declined slightly, and the cost of polyacrylamide has fallen slightly. Enterprises in the main production areas are operating normally, the market supply is abundant, downstream demand is weak, commodity circulation is slow, and the mainstream situation in the polyacrylamide market is mainly consolidating.
Raw material acrylonitrile: The acrylonitrile market has been stable recently. As of December 26, the acrylonitrile market bulk water price was 9862 RMB tons. At present, the mainstream price of acrylonitrile in the can-pickup market is between 9,700 and 9,900 RMB/ton. Raw material prices rise, and costs support acrylonitrile prices;
The main downstream ABS market continues to be weak, with spot prices of various brands rising and falling, and construction starts declining slightly. The supply side of acrylonitrile equipment is loose and the demand side is weak. The acrylonitrile market just needs inquiry support and the market is consolidating.
Liquefied natural gas for production. Domestic LNG prices have risen sharply recently. Domestic cold air strikes frequently, and affected by cooling weather in many places, the demand for downstream replenishment has increased significantly, and the price of liquefied natural gas has continued to rise. After the snowfall, traffic flows smoothly. In terms of sea and gas, prices at some receiving stations have been increased. Raw gas prices increased slightly and cost support increased, pushing liquid prices up.
Market outlook: Raw material prices have fallen slightly overall recently, fuel prices have risen sharply, and the cost of polyacrylamide has varied. On the supply side, the production of enterprises in the main production areas is normal, and the market supply is sufficient; on the demand side, downstream procurement and supply continue to be flat, and market transactions have not changed much. It is expected that domestic polyacrylamide finishing will be the main focus in the near future.
Post time: Dec-27-2023