SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Cyclohexanone News > News Detail
Cyclohexanone News
SunSirs: Cost Supported, Downstream Stocked up, Cyclohexanone Market Was Rising
January 06 2023 10:54:17SunSirs(John)

Price trend

According to the monitoring of SunSirs, the domestic market of cyclohexanone rose slightly. From January 3 to 5, the average price of domestic cyclohexanone market rose from 9,220 RMB/ton to 9,240 RMB/ton, up 0.22%, and the price fell 0.11% month on month, down 16.76% year on year. The listing of raw material pure benzene was increased by 150 RMB/ton to 6,650 RMB/ton, forming a good support in terms of cost. Downstream stocked on demand, market supply was relatively stable, driven by the cost, the cyclohexanone market rose in shock.

Analysis review

On the cost side, the domestic market price of pure benzene rose. The downstream new capacity was released, and the pure benzene just in-needs increased; the international crude oil price fell and the Asia and America arbitrage was closed, but the external price was firm. Supported by the double advantages at home and abroad, the price of pure benzene rose continuously and the transaction volume was high. The cost of cyclohexanone had obvious positive support.

On the supply side, the current market is relatively abundant. Major production enterprises, such as Shijiazhuang Coking, Shanxi Lanhua, Shandong Hongda, Jining Zhongyin, etc., have their equipment overhauled or stopped production. Some production enterprises, such as Cangzhou Xuri, Shandong Fangming, Luxi Chemical, mainly supply their own CPL, while the source of cyclohexanone is not exported temporarily. While the units of Hualu Hengsheng, Shandong Haili, Inner Mongolia Qinghua and other enterprises operate normally, but the unit load is maintained at about 60%, and it is difficult to have positive factors in the short-term cyclohexanone supply.

On the demand side, the market price of CPL, the main downstream product of cyclohexanone, rose, and the listing price of Sinopec's pure benzene in the upstream rose by 150 to 6,650 RMB/ton, which has support on cost side. The downstream customers of PA6 chip concentrated on stock preparation, the chip trading atmosphere improved, and the price rose. The spot price rose with the improvement of cost and demand in the CPL market. The demand for cyclohexanone had a small positive support.

Market outlook

The pure benzene market is strong, with good cost support. The supply of goods is relatively tight, and the demand side may have just rigid demand to stock up. The cyclohexanone analysts of SunSirs predict that the domestic cyclohexanone market is expected to rise again in the short term.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products