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SunSirs: The Demand Was General, and the Market for Cyclohexanone Consolidated within a Narrow Range (October 9-15)
October 18 2021 13:44:02SunSirs(John)

Price trend

According to the monitoring data of SunSirs, from October 9th to October 15th, the average domestic market price of cyclohexanone rose from 12,760 RMB/ton to 12,820 RMB/ton, an increase of 0.47% during the week, and the price increased by 0.31% month-on-month and 119.15% year-on-year.

Analysis review

After the holiday, driven by the demand for new production of cyclohexanone units, the raw material pure benzene market rose first, and the downstream solvents of cyclohexanone were actively purchased, which provided short-term support to the cyclohexanone market. However, the downstream chemical fiber market was generally, and the enthusiasm for purchasing high-priced cyclohexanone was significantly lower than before the National Day, and some cyclohexanone factories had high inventory, and they mainly sold for profit. Domestic cyclohexanone traders had a negative attitude, and the focus of cyclohexanone transactions fell.

In terms of raw material pure benzene, East China's pure benzene rose overall. During the National Day, Shandong added downstream production and local downstream companies bid for multiple times. The low inventory of local companies and tight supply caused continued price increases. After the holiday, East China stocks were low, and the spot stocks were also tight, and prices rose sharply.

On the downstream side, the CPL plant planed to restart one after another, the new plant capacity was released, CPL supply might tend to be loose. Additional, Heze Xuyang’s adipic acid plant was shut down, Nanjing Dongfang planned to restart in the near future, the demand for chemical fiber purchases is expected to be limited.

Market outlook

Although the cost support is obvious, the supply of cyclohexanone is in excess of demand. Cyclohexanone analysts of SunSirs predict that the short-term cyclohexanone market will fluctuate within a narrow range.

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