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SunSirs: Cyclohexanone Market Declined Narrowly
October 14 2019 15:11:04SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of October 12, the latest domestic price of cyclohexanone was 8223 RMB/ton, which was 0.60% lower than the same period of last month and 36.67% lower than the same period of last year. The domestic market of cyclohexanone is mainly narrowly down.

 

Analysis review

Product: Domestic market for cyclohexanone continued to decline, mainstream factories downgraded their quotations, but the interest in downstream orders was not high, market participants were empty about the future market, and the focus of negotiations was low. Pay attention to the plant dynamics, and it is expected that domestic cyclohexanone market will be weak operation in short-term.

Industry chain:

Pure benzene: domestic pure benzene market rose. External disk prices rose across the board, and the US external market supported domestic selling prices. A tanker of the Iranian National Tanker Company caught fire after being hit by a "foreign object" near Jeddah. After the news came out, the price of crude oil rose. Domestic market prices have risen, but styrene in the market has fallen, and the overall downstream demand for pure benzene is still poor. It is expected that the short-term pure benzene market will be weakly consolidated.

Caprolactam: The domestic caprolactam market continues to be weak, the demand is weak and difficult to change, the polymerization plant is not motivated to start work, the purchasing of raw materials is cautious, the mentality in the market is bearish, and the overall transaction performance is light. The short-term domestic caprolactam market is still mainly consolidated, East China solid market mainstream offer 12500-13000 RMB/ton nearby, cash delivery. East China liquids market transactions in the vicinity of 1240-12500 RMB/ton, acceptance delivered.

 

Market outlook

The cyclohexanone market is weakly operating, and the factory has more than one single negotiation. It is rumored that the price of the single order is lowered, the downstream is cautiously procured, and the market is generally trading. The cyclohexanone analyst of SunSirs expects the cyclohexanone market will be weak in short-term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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