SunSirs: The Cyclohexanone Market Seems to Be "Waking Up from the Big Dream", and the Price Probes Upwards
April 08 2021 13:16:58 SunSirs (John)
Price trend
Recently, the domestic market for cyclohexanone has risen within a narrow range, and is about to usher in a "big rise". According to the monitoring data of SunSirs, the average domestic market price of cyclohexanone rose from 9,425 RMB/ton to 10,000 RMB/ton from April 1 to April 7, and the price increased by 6.10% during the cycle, and the price fell by 1.96% from the previous month, and rose by 91.08%year-on-year.
Analysis review
According to traders, the domestic market for cyclohexanone will continue to rise in the short term. Most of the production companies supply downstream companies, and many sources do not sell externally, resulting in low social inventory of cyclohexanone.
In terms of raw materials, Sinopec’s East China and South China pure benzene prices have been raised by 200 RMB/ton to 6,700 RMB/ton, and all refineries under its subsidiaries have implemented this price uniformly. The price was implemented from April 6. In terms of cost, it is good for driving the cyclohexanone market to go up. On the downstream side, the caprolactam plant has started to maintain a high level, and raw materials are purchased on demand. Although the price of cyclohexanone is at a high level, for normal production, the caprolactam plant is just in need of purchase.
Market outlook
The listed price of pure benzene in the upstream continues to rise, coupled with the lack of supply of cyclohexanone, the price rises slightly, the seller is reluctant to sell, and the downstream follows up due to rigid demand. Cyclohexanone analysts of SunSirs predict that the market for cyclohexanone will continue to rise in the short term.
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