SunSirs: Cost Support Was Strong, Cyclohexanone Market Followed the Rise
July 05 2021 14:15:47 SunSirs (John)
Price trend
With strong cost support, the cyclohexanone market followed the rise. The large-scale pure benzene plant originally scheduled to be put into operation in late July was difficult to put into operation as scheduled, the demand gap was difficult to make up, and the prices in recent and far months were firm. According to the monitoring data of SunSirs, as of July 2, the average domestic market price of cyclohexanone was 10,580 RMB/ton, with the price falling 0.56% from the previous month and up by 74.40% year-on-year.
Analysis review
In terms of raw materials, the listed price of Sinopec's pure benzene rose to 8,450 RMB/ton, and the spot price in East China rose to 8,700 RMB/ton, with strong cost support. On the downstream side, CPL companies had undergone more maintenance and load reduction, and demand had decreased. Although some companies may increase their operating rates in the near future, they are not motivated to purchase high prices, and actual demand is expected to be weak.
Market outlook
Although the cyclohexanone market has cost support, pressure on the downstream demand side still exists. After the price rebounded, the downstream purchasing sentiment is not high. Cyclohexanone analysts of SunSirs expect that the cyclohexanone market will consolidate in the short term, and the following players are mainly the on-demand downstream.
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