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SunSirs: The Market of Cyclohexanone Rose First and Then Fell in October

October 31 2022 10:43:02     SunSirs (John)

Price trend

In October, the domestic cyclohexanone market rose first and then fell. According to the monitoring data of SunSirs, the average price of domestic cyclohexanone market at the beginning of the month was 9,920 RMB/ton, and the average price of domestic cyclohexanone market at the end of the month was 9,780 RMB/ton, with a monthly drop of 1.41%, the maximum amplitude of 2.59%, and a year-on-year drop of 15.40%.

Analysis review

The main factor of cyclohexanone market change in October was the price change of raw material pure benzene.

At the beginning of the month, the domestic cyclohexanone market fluctuated in a narrow range, with prices rising first and then falling, and generally rising. Raw material pure benzene rose sharply, Sinopec raised by 350 RMB/ton totally when it listed twice, which boosted the cost. For some chemical fiber procurement, the cyclohexanone market rose with the cost. In the middle of the week, the price of pure benzene fell, Sinopec's pure benzene was listed down 200 RMB/ton, the cost side collapsed, and under the pressure of shipment, the transaction center of cyclohexanone was lowered.

In the middle of October, the domestic cyclohexanone market was volatile and declined. Sinopec's pure benzene was listed twice, with a total reduction of 350 RMB/ton, and it lacked of cost support. The downstream CPL supply was abundant, and the chemical fiber order follow-up was slow. At the same time, some self use enterprises sold cyclohexanone on the market, and the supply of commodities increased, leading to the decline of cyclohexanone market.

In late October, the domestic cyclohexanone market continued to decline, and the raw material pure benzene fell. Sinopec's listing of pure benzene was reduced by 200 RMB/ton to 7,650 RMB/ton, lacking cost support.

Raw material pure benzene: According to the monitoring of SunSirs, the domestic pure benzene market declined significantly. The price at the beginning of the month was 7,925 RMB/ton, and the price at the end of the month was 7,586 RMB/ton, down 4.25%.

Downstream CPL: SunSirs monitored that the domestic spot market of CPL rose in shock, with the price of 11,450 RMB/ton at the beginning of the month and 12,773 RMB/ton at the end of the month, up 11.25% in the cycle.

Market outlook

Raw material, pure benzene, was in a downturn, lacking cost support. The demand of downstream chemical fiber was fair. The cyclohexanone analysts of SunSirs predict that the cyclohexanone market will be sort out weakly in the short term.

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

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