SunSirs: The Market for Cyclohexanone Declined Significantly

Price trend

According to the monitoring data of SunSirs, as of October 10, the latest price of domestic cyclohexanone was 8,316 RMB/ton, the price increased by 0.40% month-on-month, and the price fell by 35.53% compared with the same period of last year. The domestic market for cyclohexanone declined significantly.

Analysis review

Product: The domestic market for cyclohexanone continued to decline, and the mainstream factories lowered their quotations, but the interest in downstream orders was not high. Market participants were short-spoken and focused on low-end. Concerned about the dynamics of the device, it is expected that the m domestic cyclohexanone market will be weak in short-term.

Industry chain:

Pure benzene: domestic pure benzene market fell, external disk prices have risen and fallen, the US external market dragged down domestic selling prices. Sinopec's listing price was lowered. Crude oil prices fell slightly after a slight increase on Tuesday morning. The outlook of oil market demand is still not optimistic, and oil prices closed down. The prices of CFR in China have fallen sharply, and the domestic market is under pressure. However, there is still no significant increase in port inventory, which gives strong support to the market. It is expected that the pure benzene market will be weakly consolidated in short-term.

Caprolactam: Domestic caprolactam market declined, upstream pure benzene Market declined, cost support weakened, and downstream performance was flat, demand follow-up was significantly inadequate, market sentiment weakened, trading performance was light, suppressing the decline of market gravity, short-term domestic caprolactam market is still weak, it is recommended to pay attention to terminal receipt sentiment changes and factory dynamics. East China solid market mainstream offer 13200-13400 RMB/ton nearby, cash delivery. East China liquids market transactions in the vicinity of 12600-12700 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.

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