From April 15 to 22, the average price of cyclohexanone in the domestic market fell by 0.32% month-on-month and increased by 1.71% year-on-year. Pure benzene, the raw material, has strong vibrations, and the cost pressure is relatively high. Some cyclohexanone units have been shut down, and the spot supply of cyclohexanone has slightly decreased. Downstreams are mostly purchasing on demand. Under cost pressure, the spot price of cyclohexanone in the market has decreased.
In terms of cost, the raw material pure benzene: the market price of pure benzene fluctuates at a high level. As of April 22, pure benzene accounts 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 favored by favorable factors.
Comparative chart of price trends of pure benzene (upstream raw material) and cyclohexanone:
On the supply side, domestic cyclohexanone production capacity is approximately 7.14 million tons, and the current operating load is close to 70%, which is at a low level. The average weekly operating load of cyclohexanone was 66.36%, and the weekly output was 100,600 tons, which was slightly lower than the previous cycle. The supply of cyclohexanone is affected by positive factors.
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 has fallen, some maintenance equipment has been restored, and supply has increased. The price of downstream PA6 chips has partially fallen. The procurement of raw materials for polymerization plants has slowed down. The overall market confidence has weakened, and the focus of caprolactam spot negotiations has become lower. 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, the cost pressure will be high, the downstream demand will be average, and the market spot supply will be stable. Cyclohexanone analysts predict that the domestic cyclohexanone market will consolidate in the short term.
Post time: Apr-23-2024