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SunSirs: Cyclohexanone Market Is Light
November 16 2021 13:21:00SunSirs(John)

Price trend

According to the monitoring data of SunSirs, from November 5 to November 12, the average domestic market price of cyclohexanone fell from 11,560 RMB/ton to 11,400 RMB/ton, a decrease of 1.38% during the week, and the price fell by 10.66% month-on-month and rose by 94.87% year-on-year.

Analysis review

The cyclohexanone market is weak and finishing. The market for pure benzene is mainly stable with small fluctuations, and the cost support for cyclohexanone is stable. The downstream supply of CPL is increasing, and the market price is weakly falling; the demand for chemical fiber is weak, and the shipment of cyclohexanone is blocked. In addition, the CPL installations of Haili Dafeng and Inner Mongolia Qinghua are shut down, and the market supply is abundant, high-priced transactions are weak, and the center of gravity of transactions fall within a narrow range.

In terms of raw materials, the price of pure benzene fell. Crude raw material, as well as the main downstream styrene, fell broadly, creating a negative stimulus for pure benzene. However, pure benzene, driven by its own positive expectations of supply and demand, showed strong resistance to declines, and the decline was much smaller than that of upstream and downstream products.

In terms of CPL equipment, the supply of CPL tends to be abundant, and the supply is expected to increase, which may limit the external purchase of cyclohexanone by chemical fibers.

Market outlook

In the short term, the supply of cyclohexanone is in excess of demand. Cyclohexanone analysts of SunSirs predict that cyclohexanone will fluctuate sideways in the short term.

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

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