This week, domestic cyclohexanone market is weak. According to the monitoring data of business associations, the average price of domestic cyclohexanone producers was 8233 yuan/ton at the beginning of the week, 8066 yuan/ton at the end of the week, with a decline of 2.02% and a rise of 1.26% annually, down 35.47% compared with the same period last year.
|Sulfamic acid 99.80%|
II. Market Analysis
Product: Cyclohexanone market fell weakly this week. Sinopec’s pure benzene listing was lowered by 150 yuan/ton to 5100 yuan/ton, and the cost support was insufficient. The downstream caprolactam market is stable and weak, and the enthusiasm for entering the market is general. Some plant units may be unstable to start up, the procurement volume is still acceptable, the solvent market demand is not good, and most of them just need to be purchased. Luxi spot has not yet been exported in the week, due to weak market demand, high price of caprolactam against cyclohexanone, lack of confidence in the future market of cyclohexanone factory, lower external quotation, price, mainstream delivery price of cyclohexanone factory in 7800-7900 yuan/ton, remittance factory, 200-300 yuan/ton lower than last week.
Industry chain: raw materials, pure benzene, pure benzene market continued to weaken this week, commodities overall fell, pure benzene pressure weakened. The sharp drop in crude oil also led to the weakening of the outer plate of pure benzene. As a result, the price of pure benzene has been declining since the beginning of the week. Downstream users wait for Sinopec to cut prices, wait and see, market turnover is weak. At the beginning of the week, there were still sporadic transactions of 5000 yuan/ton, but then driven by the low-price supply in Shandong Province, the market buying gravity dropped to 4900-4950 yuan/ton.
Caprolactam: This week, the domestic caprolactam liquid market is narrowing. At present, the market trend of caprolactam is rigid, the upstream pure benzene and cyclohexanone markets are falling, and the downstream PA6 slice Market is also falling. However, due to the overhaul of Yongrong 200,000 tons plant and the upcoming overhaul of Yang coal 200,000 tons plant, the spot supply of caprolactam is reduced. In addition, the listed price of Sinopec is still firm, and the price reduction of caprolactam plant is slow. 。 However, the downstream PA6 chip market continued to decline, the loss of polymerization links, dragging down the market atmosphere of caprolactam, slowing down on-site transactions, and reducing procurement of polymerization plants.
3. Future Market Forecast
The short-term spot supply of cyclohexanone fluctuates little, Hengyi’s external demand is likely to decrease, and the cost support is insufficient. Cyclohexanone analysts at business associations expect a narrow downward trend in the short term; in the long run, it is difficult to see a substantial upward trend.