According to the commodity market analysis system of SunSirs, the domestic cyclohexanone market continued to be at a high level in August. From August 1 to 28, the average price of cyclohexanone in the domestic market increased by 4.62%, and the price increased by 2.32% year-on-year.
At the beginning of the month, the listing of pure benzene, a raw material, was raised several times to RMB 7,600/ton. The cost side was well supported, and the downstream chemical fiber and solvents just needed to follow up.
In the middle of the month, the listing price of pure benzene, a raw material, was raised several times to RMB 7,750/ton. The cost support was good. The downstream chemical fibers and solvents just needed to follow up. The supply of cyclohexanone was average. Driven by the cost, the market’s low price decreased, and the focus of transactions continued raised.
In the second half of the month, pure benzene, the raw material, was running at a high level, and the pressure on the cost side still existed. The demand in the terminal market is average, the downstream purchases of high-priced cyclohexanone are weak, the market supply and demand are weak, and the cyclohexanone market is stalemate.
On the cost side, the domestic pure benzene market continued to rise in August. As of August 28, the benchmark price of pure benzene was 7850.50 RMB/ton, an increase of 7.73% compared with the beginning of this month (7287.17 RMB/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 of cyclohexanone, and the short-term cost of cyclohexanone is affected by favorable factors.
On the supply side, according to statistics from SunSirs Commodity Market Analysis System, the domestic production capacity of cyclohexanone is about 6.55 million tons, and the current start-up load is around 60%, which is at a relatively low position.
The main production enterprises, Shijiazhuang Coking, Hebei Jinchangsheng, Shandong Hongda, Jining Zhongyin, Shandong Haili, Jiangsu Haili have limited product supply. The short-term supply of cyclohexanone is affected by favorable factors.
On the demand side, the domestic caprolactam market rose first and then fell in August. As of August 28, the benchmark price of caprolactam was RMB 12,887.50/ton, an increase of 2.28% compared with the beginning of this month. Under the cost pressure, the spot price of caprolactam has risen with the cost. The demand side is weak, and the price of caprolactam has turned downward, but it is still at a high level. The demand for cyclohexanone is positive.
The market outlook predicts that from the perspective of cost, the price of raw materials is high, and the cost pressure will not decrease. The supply and demand game of cyclohexanone commodity volume, the cyclohexanone analysts of SunSirs predict that the short-term domestic cyclohexanone market will mainly be consolidated.
Post time: Sep-01-2023