1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, from December 1st to 16th, the average price of cyclohexanone in the domestic market fell from 10100.00 yuan/ton to 9866.67 yuan/ton, a decrease of 0.34% during the period and a year-on-year increase of 2.47%. The raw material pure benzene first rose and then fell, with some cost support. Downstream demand is weak, and the domestic cyclohexanone market is operating weakly, with a lower focus on transactions.

2、 Market analysis

Cost aspect:

Raw material pure benzene: Raw material pure benzene first rose and then fell, the market’s mentality towards the future changed, and the negotiation differences between buyers and sellers widened, resulting in a slowdown in transactions. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%, and the market trend of pure benzene directly affects the price of cyclohexanone. In the short term, the cost of cyclohexanone is influenced by favorable factors.

Supply side:

According to the commodity market analysis system of Shengyi Society, the current operating load of cyclohexanone is around 7.3%, which has decreased compared to last week. The main production enterprises, Shijiazhuang Coking, Yangmei Fengxi, Shandong Hongda, Jining Zhongyin, Shandong Haili, and Jiangsu Haili, produced more than 110000 tons of cyclohexanone this week, an increase from last week.

Demand side:

The cyclohexanone plant is mainly equipped with downstream production of caprolactam, which is one of the most important downstream of cyclohexanone. The caprolactam market continues to decline, with upstream pure benzene prices first rising and then falling this week. Sinopec’s pure benzene listing price has been raised by 100 yuan to execute 8500 yuan/ton, forming certain support on the cost side. Downstream is steadily advancing, acting cautiously, and the pace of raw material procurement is slowing down. In addition, with some units returning to normal, the tight supply situation in the early stage has eased, and the market trading price center is gradually decreasing. The temporary storage of cyclohexanone demand is negative.

3、 Future forecast

The price of raw material pure benzene has slightly increased, with some cost support. Downstream demand for cyclohexanone is bearish, and analysts from Shengyi Society predict that the short-term domestic cyclohexanone market needs to closely monitor the reaction of downstream industries.