From November 27 to December 4, the average price of the domestic cyclohexanone market fell by 0.60% during the cycle, with the price falling by 0.86% month-on-month and rising 0.74% year-on-year. The raw material pure benzene is weakly declining, and the cost side is weak. Downstream chemical fibers and solvents are purchased on demand. The spot supply of cyclohexanone is not large. However, due to the resistance of high-priced shipments, some companies have lowered their prices, and the focus of the cyclohexanone market has fallen.
On the cost side, raw material pure benzene: the pure benzene market continues to decline, and inventory at East China ports continues to accumulate, which is difficult to provide good support for market negotiations. 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 negatively affected.
Comparative chart of price trends of pure benzene (upstream raw material) and cyclohexanone:
On the supply side, according to statistics from the SunSirs Commodity Market Analysis System, domestic cyclohexanone production capacity is approximately 6.55 million tons, and the current operating load is around 60%, which is at a low level. The main production enterprises, Shijiazhuang Coking, Yangmei Fengxi, Shandong Hongda, Jining Bank of China, Shandong Haili, and Jiangsu Haili, have limited product supply. The average weekly operating load of cyclohexanone was 64.33%, +0.22% from last week. The weekly output was 89,400 tons, +0.8 million tons compared with last week.
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 market price of caprolactam fell, and the price of upstream pure benzene continued to decline. Cost weakness and the return of some caprolactam units to normal have eased the tight supply situation, and the caprolactam market sentiment has weakened. The demand side of cyclohexanone is temporarily negative.
Comparison chart of cyclohexanone price and caprolactam (downstream products) trends:
The market outlook predicts that the raw material pure benzene will fluctuate weakly, with lack of cost support. The spot supply and demand of cyclohexanone are both low. In the short term, the domestic cyclohexanone market will mainly wait and see.
Post time: Dec-06-2023