According to the monitoring of Business News Agency, the domestic cyclohexanone market fluctuated in a narrow range. On February 27 and March 3, the average market price of cyclohexanone in China rose from 9466 yuan/ton to 9516 yuan/ton, with a weekly increase of 0.53%, a month-on-month decrease of 0.87% and a year-on-year decrease of 15.03%. The raw material pure benzene rose, and the cost support was upward. The supply of cyclohexanone was reduced, and the external quotation of manufacturers was increased, but the downstream demand was the main demand, and the market transaction was general, and the rise of cyclohexanone market was limited.

On the cost side, the domestic market price of pure benzene rose. The domestic production of pure benzene continued to increase, but the internal and external prices were upside down, the import volume was reduced, the downstream demand was expected to improve, and the demand for steel and speculators were bullish at the same time, and actively entered the market for procurement.

In terms of supply, the market is relatively abundant at present. The main production enterprises are overhauling or stopping production. Some production enterprises mainly supply caprolactam, and cyclohexanone is not exported for the time being. The supply side of cyclohexanone in the short term is difficult to have positive factors.

On the demand side, the price of caprolactam rose, the spot price of upstream pure benzene rebounded, and the cost formed support. In addition, in the early stage, some enterprises of caprolactam had short-term negative reduction or maintenance, and the supply of caprolactam had declined, and the market confidence was strong. The demand side of cyclohexanone was slightly positive.

The future forecast shows that the supply and demand of cyclohexanone is weak and the cost support is relatively stable. The cyclohexanone analyst of the business agency predicted that the domestic cyclohexanone market was mainly strong in the short term.

According to the monitoring of bulk data of the Business News Agency, the price trend of acetic acid in February was weak and downward. The average price of acetic acid at the beginning of the month was 3245.00 yuan/ton, and the price at the end of the month was 3183.33 yuan/ton, with a decrease of 1.90% within the month, and the price was down 26.85% year-on-year.

As of the end of the month, the market price of acetic acid in various regions in China in February was detailed as follows:

Region/ February 1/ February 15/ February 28th

South China/ 3175 yuan/ton/ 3150 yuan/ton/ 3050 yuan/ton

North China/ 3150 yuan/ton/ 3100 yuan/ton/ 3000 yuan/ton

Shandong region/ 3100 yuan/ton/ 3100 yuan/ton/ 3050 yuan/ton

Jiangsu Province/ 3050 yuan/ton/ 2950 yuan/ton/ 2950 yuan/ton

Zhejiang Province/ 3150 yuan/ton/ 3050 yuan/ton/ 3050 yuan/ton

At the beginning of February, the downstream replenishment demand was supported, the market trading atmosphere was good, the enterprise shipment was smooth, and the price of acetic acid rose slightly; In the middle of the year, the acetic acid market declined in a weak way. During this period, the utilization rate of acetic acid production capacity increased and the market supply was sufficient, but the downstream demand was weak. In order to stimulate the shipment, the acetic acid manufacturers reduced their prices one after another. Under the mood of buying up or not, the focus of acetic acid trading continued to move down; At the end of the month, the price of coal rose, the cost of acetic acid increased, and the enterprise adjusted the price, but due to the limited demand, the price of acetic acid only rose slightly. The price of acetic acid fluctuated in February.

The methanol market at the raw material end was weak and volatile. The average price of domestic market at the end of the month was 2743 yuan/ton, which was 1.32% lower than the price of 2780 yuan/ton on February 1. The inventory of enterprises is sufficient, the downstream demand is general, the market oversupply is obvious, and the price of methanol is adjusted in a weak way. Affected by the echo of the price of raw coal in the last ten days, the price of methanol rises, but the demand side has no positive support, and the price falls at the end of the month.

The downstream butyl acetate market was consolidated and operated in February, with a price of 7450 yuan/ton at the end of the month, up 1.36% from the price of 7350 yuan/ton at the beginning of the month. At the beginning of the month, the upstream acetic acid price rose, the cost support was good, and the price of butyl acetate rose; In the middle and late decades, cost support weakened, while downstream demand was weak, the market transaction atmosphere was not positive, and the price range of butyl acetate fluctuated.

In the future, the analysts of the Business Agency believe that the current acetic acid capacity utilization rate is high, the supply side supply is sufficient, the downstream follow-up is limited, the market negotiation atmosphere is poor, and the market is lack of positive support. It is expected that the short-term acetic acid market will stagnate and reorganize, and there will be follow-up changes under specific attention.

Overview of glycol market

In February, the price of ethylene glycol fell first and then rose, which is relatively stable at present. According to the data of Business News Agency, on February 28, the average price of domestic oil to ethylene glycol was 4308.33 yuan/ton, down 2.27% from the average market price of 4408.33 yuan/ton at the beginning of the month.

On February 28, the spot price of ethylene glycol in the East China market was basically stable, and the spot price range of mainstream manufacturers in East China was 4200-4350 yuan/ton; The spot price of ethylene glycol in the South China market is 4300 yuan/ton, and the spot price range of mainstream manufacturers in central China is 4030 yuan/ton; The spot price of ethylene glycol in the North China market is basically stable, and the spot price of mainstream manufacturers in North China is 4300-4400 yuan/ton.

Increased probability of sideways shocks in the future market of ethylene glycol

At present, the average spot price of ethylene glycol is around 4300 yuan/ton, and the crude oil trend is weak in the second half of this month. However, the prices of ethylene and naphtha upstream of ethylene glycol are good, and the overall performance of coal prices is good. At present, the cost-side support is strong. Ethylene glycol is at the negative profit level, the impact factor of cost is expanding, and the downward space is narrowing.

However, according to the inventory data, it is still at a relatively high level in the same period of one million tons equivalent. High inventory in the main port in the short term suppresses the amount of ethylene glycol. Fortunately, there is a strong expectation that supply will weaken and demand will improve in the near future, and prices will improve. It is expected that in the short term, the probability of sideways shocks of ethylene glycol will increase, and the average price will be around 4350 yuan/ton.

According to the monitoring data of the Business News Agency, the terminal printing and paper industries have resumed operation since February, with demand support, and the hydrogen peroxide market continues to fluctuate and rise. On February 1, the average market price of hydrogen peroxide was 750 yuan/ton. On February 27, the average market price of hydrogen peroxide was 796 yuan/ton, up 6.22%.

Terminal demand rebounded and hydrogen peroxide market rose in February

Since February, the printing industry of hydrogen peroxide terminal paper industry has gradually recovered, the demand for hydrogen peroxide has increased, and the market has gradually warmed up. The mainstream price of hydrogen peroxide in Shandong is about 690 yuan/ton, with a price increase of 20 yuan/ton; The mainstream price of hydrogen peroxide in Anhui Province is about 750 yuan/ton, with a price increase of 50 yuan/ton.

After the middle of the month, the market terminal of hydrogen peroxide began to work, and the manufacturers raised the factory price of hydrogen peroxide one after another. The mainstream price of hydrogen peroxide in Shandong was 710 yuan/ton, and the price continued to rise by 20 yuan/ton; The mainstream price of hydrogen peroxide in Anhui Province is 800 yuan/ton, with a price increase of 50 yuan/ton.

At the end of the month, the market supply of hydrogen peroxide was still relatively tight, and the market transactions were active. The average market price had risen to 796 yuan/ton, up more than 6% from the beginning of the month.

Li Bing, an analyst at the Business News Agency, believes that the demand of the terminal printing and paper industries has been fully recovered in March, and the hydrogen peroxide market will continue to oscillate and rise in the future.

According to the data monitored by the Business News Agency, as of February 24, the average price of cyclohexane, a domestic industrial top-grade product, was 7233.33 yuan/ton. The price trend of cyclohexane was weak this week, down 0.91% compared with the same period last week. The purchasing atmosphere was general, and the overall market supply and demand were balanced.

This week, the average price of domestic industrial grade and superior cyclohexane was 7233.33 yuan/ton. At present, the quotation range of mainstream manufacturers is about 7300 yuan/ton. At present, the supply range is normal, the operating rate is stable, the purchasing atmosphere is general, and the downstream just needs to purchase, and the shipment volume is acceptable.

Chemical index: On February 23, the chemical index was 917 points, up 2 points from yesterday, down 34.50% from the highest point of 1400 points in the cycle (2021-10-23), and up 53.34% from the lowest point of 598 points on April 8, 2020. (Note: the period refers to 2011-12-01 to now).

Cyclohexane analysts of the Business Agency believe that the stable operation of cyclohexane market price is the main factor in the short term.