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SunSirs: Cycloheanone market was stable from 28th Oct to 1st Nov
November 04 2019 14:07:22(Daisy Wong)

Price Trend

The domestic cyclohexanone market remained stable from 28th Oct to 1st Nov. As per SunSirs monitored, the average price of domestic cyclohexanone producers at the beginning of the week was 7,900 RMB/t, and the price dropped by 12.71% compared with last week and fell by 39.23% compared with last year.

Market Analysis

Products: Few domestic cyclohexanone manufacturers had not made a clear offer from 28th Oct to 1st Nov. The price of enterprise shipments is around 7600-7800 RMB/t. Most of them supply as much as downstream demanded, and the inventory level is low. The South China cyclohexanone market was weakly, and the ref. price was 8050-8150 RMB/t. The buying intention tended to be low, and the sellers were shipped according to exactly market needs. The trading atmosphere was relatively weak, and the players were less optimistic. In the East China region, the atmosphere of cyclohexanone market was weak, and the ref. price was 8000-8100 RMB/t. The minority of selling was slightly higher. The upstream was in weak operation lacking effective support for the market, and the downstream procurement as what they exactly need.

Industry Chain:

Raw Material:

Pure benzene: Asian pure benzene market: Sellers tend to sell at 623 USD/t FOB Korea in Dec. Domestic pure benzene market: East China's pure benzene market went weak and players negotiated the price at 5200-5300 RMB/t. Far-month goods traders talked about 5000-5050 RMB/t. Some buying intentions are slightly lower and less optimistic about the market. The external disk shocks weaken the support of domestic trade.

Caprolactam: The caprolactam USD market went weak, and merchants offered lower price. Downstream factories had a light inquiring atmosphere. Not many real orders were settled down in the market. The market mainstream traders talked about ref. price at 1330-1350 USD/t. The caprolactam liquid market was weak as well. The mainstream price of real orders in East China was 11400-11500 RMB/t (6 months acceptance). The price was stable. The players of caprolactam offered a temporally stable price, and the market focused on low-end side. The downstream only needs the amount of rigid amount and the market trading atmosphere is light.

Adipic acid: The domestic adipic acid market was weak and fluctuated. The light atmosphere was pervasive. It is hard to change the low demand of downstream. The inquiry continued to be light, and traders kept empty in mind. The pre-inventory was sold at a lower price. The adipic acid market was expected to narrow down.

Market Forecasting

Good news is that rigid demand of market was relatively stable. However, bad news is that demand is not sufficient, and downstream product may be in bad position. The price of pure benzene is falling. SunSirs’ analysts expect that cyclohexanone will have a weak performance of both downstream and upstream, in the short term, lacking effective support for the market. The price for company is low. The domestic cyclohexanone market is weak in the short term.

 

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

 

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