Price Trend

According to the monitoring data of business associations, as of June 4, the latest price of domestic cyclohexanone was 8100 yuan/ton, and the domestic market of cyclohexanone was weak and stable.

II. Market Analysis

Products: Cyclohexanone market is weak, the downstream chemical fiber market is weak, the demand for cyclohexanone is less, the speed of manufacturers and markets is slowing down, the pressure of manufacturers’shipment is on the high side, the quotation has been lowered, the bullish sentiment on the future market is strong, and the actual single transaction is limited. The mainstream offer of cyclohexanone in North China market is sent in cash at 8100-8300, the mainstream offer in East China market is sent in cash at 8400-8600, and the mainstream offer in South China market is sent in cash at 8800-8900.

Industry Chain: Pure Benzene: Pure Benzene market lacks buying support, the focus of gravity has fallen back in the morning, of which spot is now 4450-4550 yuan/ton, and in June, the negotiations are in the range of 4500-4600 yuan/ton. At present, the decline of port inventory is relatively slow, the supply in the yard is still abundant, and the downstream maintains on-demand procurement. Caprolactam: The spot market confidence of caprolactam liquids is insufficient. The downstream polymerization plant keeps starting at a low level. The demand for caprolactam is still weak and the atmosphere in the field is not good. The liquid spot price of caprolactam is 11800-12100 yuan/ton, which is accepted and delivered; the factory price in the north is around 11500 yuan/ton, which is remitted to the factory now, the solid market is consolidated, the trader delivers with him, and the price of common material is 12500 yuan/ton, which is remitted to the factory now.

3. Future Market Forecast

Short-term cyclohexanone plant silver May 22 parking overhaul, planned to start in early June, expected next week spot export volume will increase slightly, in addition to the current manufacturers still have spot inventory pressure. From the cost point of view, the pure benzene market is consolidated horizontally, and the cost support is relatively stable. On the demand side, there is no plan to restart Nanjing Dongfang in June. Yongrong cyclohexanone plant starts normally and can basically meet the demand for caprolactam. In the short term, Shenyuan’s purchase of cyclohexanone is unlikely. Shandong Haili’s 200,000-ton caprolactam plant has maintenance plan in early June, while cyclohexanone is still unclear. Overall, however, the supply of cyclohexanone may exceed the demand. Cyclohexanone analysts at business associations expect the short-term market for cyclohexanone to remain weak.