SunSirs: The Cyclohexanone Market Has Fallen Slightly
May 21 2021 14:26:49 SunSirs (John)
Price trend
At present, international oil prices have fallen sharply, prices of pure benzene and CPL have been raised, and the spot market for cyclohexanone has been sluggish, and the market has dropped slightly. According to the monitoring data of SunSirs, as of May 20, the average domestic market price of cyclohexanone was 11,100 RMB/ton, and the price increased by 7.35% month-on-month and 90.39% year-on-year.
Analysis review
In terms of raw materials, Sinopec’s price of pure benzene was raised by 200 RMB/ton to 8,200 RMB/ton, which was implemented uniformly by all its refineries from May 12th. On the downstream side, Sinopec’s high-end caprolactam quotation was raised this week by 200 RMB/ton to 14,700 RMB/ton.
Market outlook
The support from upstream and downstream was weak, and the wait-and-see sentiment was high. The market of cyclohexanone was under pressure, and the transaction center was frustrated and lowered. Cyclohexanone analysts of SunSirs predict that the short-term domestic cyclohexanone market will be weak.
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