SunSirs: The Market Situation of Cyclohexanone Was Weak
July 18 2022 14:06:14 SunSirs (John)Price trend
According to the monitoring data of SunSirs, from July 8 to 15, the average domestic market price of cyclohexanone fell from 10,960 RMB/ton to 10,825 RMB/ton, a drop of 1.23% within the week, a month-on-month drop of 9.98%, and a year-on-year increase of 2.32%.
Analysis review
The domestic cyclohexanone market fluctuated weakly this week, the raw material pure benzene fell weakly, and the cost side lacked support. The downstream CPL market was weak, and the purchasing sentiment was general. Under the pressure of cyclohexanone shipment, it weakened in a narrow range.
Raw material pure benzene: the downstream demand for pure benzene was returning, and the supply and demand side was tight. If crude oil continues to fall, the spot decline of pure benzene may be weaker than that of crude oil, and it is still possible to stop the decline.
Downstream CPL: The CPL spot market was weakening, the upstream pure benzene listing was down, and the support for CPL was weakened.
Market outlook
Pure benzene fluctuated at a high level, downstream demand was deviated, and the resistance to cyclohexanone shipments was too large. Analysts of cyclohexanone in SunSirs predict that the cyclohexanone market will run stalemate in the short term.
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