1、 Price trend

According to the Commodity Market Analysis System of Shengyi Society, from August 19th to 23rd, the average price of cyclohexanone in the domestic market remained at 9866.67 yuan/ton. This week, cyclohexanone prices tended to stabilize, with a decrease of 233.33 yuan or 2.31% compared to early August. The raw material pure benzene oscillates and runs, with stable cost support. Downstream demand is generally average, and we tend to follow up on demand. Some companies have temporarily reduced their factory low price offers due to not shipping, resulting in a decrease in market low prices.

Cost aspect:

Raw material pure benzene: The pure benzene market has fluctuated narrowly and risen, and currently geopolitical instability continues to affect the market. The traditional peak season in the United States is coming to an end, and coupled with poor economic data performance, the crude oil market is mainly volatile. Downstream customers enter the market to replenish goods at low prices. As of August 23rd, the benchmark price of pure benzene in Shengyi Society is 8511.33 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price of cyclohexanone, and the short-term cost of cyclohexanone is influenced by favorable factors.

Supply side:

According to the commodity market analysis system of Shengyi Society, the current operating load is over 70%. The main production enterprises have limited product supply. The weekly average operating load of cyclohexanone is 72.5%, which has decreased compared to last week, with a weekly output of 110000 tons.

On the demand side, the cyclohexanone plant is mainly equipped with downstream production of caprolactam, which is one of the most important downstream of cyclohexanone. The caprolactam market has fluctuated and risen, with upstream pure benzene prices rebounding. The cost side has stopped falling, which supports downstream confidence. Downstream purchases are made on demand.

3、 Future forecast

The strong consolidation of the raw material pure benzene market is supported by downstream demand procurement of cyclohexanone. Analysts from Shengyi Society predict that the short-term domestic cyclohexanone market will mainly experience volatile operations