SunSirs: Cyclohexanone Market Rebounded in a Narrow Range

Price trend

According to the monitoring data of SunSirs, from June 24 to July 1, the average price of cyclohexanone in the domestic market fell from 10,983 RMB/ton first and then rose to 11,016 RMB/ton, an increase of 0.30% within the week, and the price fell by 5.11% month-on-month, an increase of 4.52% year-on-year.

Analysis review

This week, domestic cyclohexanone first fell and then rose, and the market rebounded within a narrow range. The raw material pure benzene fluctuated at a high level, and the cost side was relatively stable. In the early stage, the pressure of cyclohexanone shipment was too large, and the price continued to fall. With the restart of the downstream Lunan CPL plant, cyclohexanone's own use increased, and the supply of commodities decreased. The downstream chemical fiber just-needed users followed up, coupled with the loss of cyclohexanone, cyclohexanone stopped falling and rebounded.

Raw material pure benzene: the price of pure benzene rose first and then fell. Crude oil continued to rise, and the market price rose due to the demand for filling short positions at the end of the month. With the downward influence of bulk commodities and styrene disk, the market mentality weakened, and the center of gravity fluctuated and weakened.

Downstream CPL: The spot price of CPL fell. In terms of supply, the chemical plant in Lunan was restarted. In addition, the North maintained a high level of construction, and the spot supply of CPL was sufficient, while the downstream demand continued to be weak, and the CPL market was down under pressure.

Market outlook

In the short term, pure benzene is running at a high level, the cost support is still stable, and cyclohexanone has lost money, and demand may increase. Analysts of cyclohexanone from SunSirs predict that the cyclohexanone market is expected to continue to rise in a narrow range in the short term.

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