1、 Price trend

According to data monitored by Shengyi Society, as of November 25th, the average price of domestic industrial grade high-quality cyclohexane was 77633.33 yuan/ton. As of November 25th, the domestic cyclohexane market was operating narrowly and weakly, with market transaction prices maintained at around 7500 yuan/ton. Currently, there is sufficient spot supply of cyclohexane, and follow-up is cautious.

2、 Market analysis

In terms of cost: Currently, the upstream pure benzene market is mainly operating at a high level, with a narrow range and strong operation, and the cost pressure is not reduced. The downstream market is mostly purchasing on demand, and there is no pressure on inventory. The market is mainly operating at high prices. The pure benzene prices of Sinopec’s refineries in East and South China are stable at 7250 yuan/ton, and the price will be implemented from November 20th.

Downstream aspect: The price of cyclohexanone in the downstream market fluctuates narrowly and strongly, with a slight rebound in price operation. The overall market supply is stable, and on-demand procurement is the main focus. The hydration method production capacity of the cyclohexanone plant in Luxi Chemical is 600000 tons, and the oxidation plant is shut down for 100000 tons. Cyclohexanone is mainly used for its own production of caprolactam.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that there is currently support for upstream prices, but downstream demand is insufficient and the supply side is loose. It is expected that the current trend of cyclohexane will be maintained in the short term.