Price trend

According to the monitoring data of SunSirs, from November 28 to December 5, the average price of domestic cyclohexanone market fell from 9,466 RMB/ton to 9,300 RMB/ton, a drop of 1.76%, and the price fell 3.93% month on month and 4.45% year on year.

Analysis review

This week, the domestic cyclohexanone market fluctuated and declined, mainly due to the supply and demand relationship. The price of raw material pure benzene was lowered, and the cost support was average. The supply of commodities was stable and abundant, but the downstream demand was weak, the market shipping resistance was large, and the transaction center was falling.

Raw material pure benzene: the domestic market price of pure benzene rebounded after falling. East China spot traded at 6,300-6,630 RMB/ton, and Shandong market traded at 6,500-6,800 RMB/ton.

Downstream CPL: CPL market fell. The prices of upstream crude oil and pure benzene fell, and the listing of Sinopec pure benzene was lowered to 6,500 RMB/ton, with the cost continuing to be weak. Although some supply on the supply side decreased, with the decrease of terminal demand, downstream polymerization commencement had declined, the demand for CPL weakened, the overall supply pattern was loose, and the price center declined.

Market outlook

The cost side rose in shock, the cost side support was still stable, the supply of cyclohexanone commodity was slightly oversupply, and the market might weaken in a narrow range. The cyclohexanone analysts of SunSirs predicted that the cyclohexanone market would be sorted out weakly in the short term.

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