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SunSirs: The Cyclohexanone Market Fluctuate in a Narrow range (February 27-March 3)

March 07 2023 13:14:59     SunSirs (John)

Price trend

According to the monitoring of SunSirs, the domestic cyclohexanone market fluctuated in a narrow range. From February 27 to March 3, the average market price of cyclohexanone in China rose from 9,466 RMB/ton to 9,516 RMB/ton, with a weekly increase of 0.53%, a month-on-month decrease of 0.87% and a year-on-year decrease of 15.03%.The raw material pure benzene rose, and the cost support was upward. The supply of cyclohexanone was reduced, and the external quotation of manufacturers was increased, but the downstream demand was the rigid, and the market transaction was general, and the rise of cyclohexanone market was limited.

Analysis review

On the cost side, the domestic market price of pure benzene rose. The domestic production of pure benzene continued to increase, but the internal and external prices were upside down, the import volume was reduced, the downstream demand was expected to improve, and the demand for rigid downstream and speculators were bullish at the same time, and actively entered the market for procurement.

In terms of supply, the market was relatively abundant. Major production enterprises, such as Shijiazhuang Coking, Shandong Hongda, Jining Bank of China, Shandong Haili, etc., were overhauled or shut down. Some production enterprises, such as Cangzhou Xuri, Shandong Fangming, Luxi Chemical, etc., mainly supplied themselves to produce CPL, and the supply of cyclohexanone would temporarily not be sold. While Hualu Hengsheng, Inner Mongolia Qinghua and other enterprises operated normally, but the unit load was maintained at about 60%. In the short term, it is difficult to find favorable factors in the supply of cyclohexanone.

On the demand side, the price of CPL rose, the spot price of upstream pure benzene rebounded, and the cost formed support. In addition, some enterprises of CPL had short-term load reduction or maintenance in the early stage, and the supply of CPL had declined, and the market confidence was strong. The demand side of cyclohexanone was slightly positive.

Market outlook

The supply and demand of cyclohexanone was in a weak balance, and the cost support was relatively stable. The cyclohexanone analyst of SunSirs expects that the domestic cyclohexanone market will be consolidated and stronger in the short term.

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