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SunSirs: The Domestic Market of Cyclohexanone Fluctuated at a Low Level

November 06 2019 11:39:12     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, as of November 5, the latest price of cyclohexanone in China was 7600 RMB/ton, down 16.02% month on month and 41.09% year on year. The domestic market of cyclohexanone fluctuated at a low level.

 

Analysis review

Product: Domestic cyclohexanone manufacturers have not made a clear offer at present, and the level of enterprise shipments is around 7600-7800 RMB/ton. Most of them supply downstream production demand, and the inventory level is low. South China's cyclohexanone market is weak in operation, and the weakness in the upstream has an impact. The negotiation reference is 7900-8000 RMB/ton. The buying intention tends to be near the low-end, with more low-cost goods, the supply of goods is general, and the solvent demand is limited. The market of cyclohexanone in East China followed up the decline in the upstream market, with reference to 7800-7900 RMB/ton for negotiation. A few of the selling prices were slightly higher, the buyer's intention tended to be near the low end, and the low price was dominated by replenishment on demand. The downturn in the downstream market had a negative impact.

Industry chain: Pure benzene: Asian pure benzene Market: in January, the sales intention of the goods is 615-618 US dollars / ton FOB South Korea. Domestic pure benzene Market: weak situation of East China pure benzene market was sorted out. The negotiation reference was 5150-5250 RMB/ton, some of the buying was slightly low, and the far monthly negotiation was 5000-5050 RMB/ton. Weak external market had a negative impact on the market, and the continuous decline of inventory has limited the market's deep decline.

Caprolactam: the US dollar market of caprolactam has been kept in order, the offers of merchants have been temporarily stable, the inquiry atmosphere of downstream factories is light, there are not many actual orders in the market, and the main market negotiation reference is 1330-1350 US dollars / ton. Caprolactam liquid market maintained consolidation, and the main real single negotiated price in East China market was 11400-11500 RMB/ton (delivered by acceptance within 6 months), which was stable compared with last Friday. Caprolactam business offer is temporarily stable, the focus of market negotiation is low-end. Downstream just need to buy mainly, the market trading atmosphere is light.

 

Market outlook

On the positive side, rigid demand is relatively stable. On the negative side, the demand is insufficient; the market of downstream products is low; the price of pure benzene is declining. The upstream and downstream continue to maintain a weak position, the solvent market demand is weak, business community cyclohexanone analysts expect that the domestic market for cyclohexanone will continue to maintain a weak trend in the short term.

 

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