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SunSirs: Supported by Costs, the Cyclohexanone Market Reached a New High
September 08 2021 14:03:55SunSirs(John)

Price trend

According to the monitoring data of SunSirs, from August 30 to September 6, the average domestic market price of cyclohexanone rose from 10,540 RMB/ton to 10,920 RMB/ton, an increase of 3.61% during the week, and a month-on-month increase of 6.85% and a year-on-year increase of 91.02%.

Analysis review

This week the cyclohexanone market was moving up strongly. Pure benzene was stable with a slight rise, and the cost support was relatively stable. The downstream CPL device was concentrated on maintenance, and the spot supply in the market was tight, and some chemical fiber factories were actively purchasing. Shandong ZhongYin has not yet started due to lack of steam. Shandong Haili restarted a new production line. The spot supply was relatively tight in the market. Manufacturers were reluctant to sell at low prices, and prices were temporarily firm and upward.

In terms of raw materials, as for pure benzene, due to the impact of sanitation incidents in the East China Commercial Reservoir area, the unloading of imported ships has been suspended in some reservoir areas. There are still some delays in the arrival of the ship, and the port's commercial inventory has dropped to 73,000 tons. Due to the postponement of the arrival of the ship and the delivery period at the end of the month, the market was actively buying, which pushed up the price. In the downstream, the overhaul of CPL devices was concentrated, and the spot supply in the market was tight, and some chemical fiber factories were actively purchasing.

Market outlook

On September 2nd, Sinopec's pure benzene listing was raised by 100 RMB/ton to 7,650 RMB/ton, and the cost side formed a good support. The supply of cyclohexanone is expected to increase, and the downstream may conflict with the current high-priced cyclohexanone, which is more negative than positive. Cyclohexanone analysts of SunSirs predict that the market for cyclohexanone will not continue to rise in the short term.

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