Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic cyclohexanone market continued to be weak. From May 29th to June 2nd, the average market price of cyclohexanone in China dropped from 9,325 RMB/ton to 9,262 RMB/ton, with a weekly decrease of 0.67%. The price decreased by 2.60% month on month and 20.22% year-on-year. Pure benzene was subject to weak fluctuations and lacked cost support. Downstream chemical fibers followed up on demand, while the supply of cyclohexanone products was abundant, and due to shipping resistance, the transaction focus had declined.

Analysis review

In terms of cost, the raw material pure benzene, the maintenance of individual supply units had recovered, the domestic supply increased, and the maintenance of downstream styrene and phenol units had affected the consumption of pure benzene. The price of domestic pure benzene market was volatile and weaker, and the overall demand atmosphere was weaker. The downstream mainly consumed raw material inventory. On June 2nd, the benchmark price of pure benzene for SunSirs was 6,530.50 RMB/ton. The cost side of cyclohexanone was bearish.

On the supply side, the operating rate of cyclohexanone industry units remained at around 60% this week, with a slight increase in supply. The main production enterprise, Lunan Chemical mainly supplied CPL, with a small amount for outside sales; Hualu Hengsheng operated normally, with some for self use and some for outside sales; Jiangsu Haili operated a set for outside sales; Qinghua, Inner Mongolia produced normally,. The short-term supply of cyclohexanone was slightly bearish.

On the demand side, CPL: the cost side was adjusted in a volatile manner, but the overall change was small. The supply and demand of CPL itself was basically stable. Enterprises delivered more early orders, and downstream polymerization plants replenished as needed. The CPL market fluctuated slightly. On June 2, the benchmark price of CPL in SunSirs was 12,185.00 RMB/ton. The demand side of cyclohexanone was bearish.

Market outlook

Pure benzene may continue to experience weak fluctuations and cost support will be weak. The supply of goods has increased, and cyclohexanone analysts from SunSirs predict that the domestic cyclohexanone market will operate in a weak manner in the short term.

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