Price Trend
In May, the cyclohexanone market showed a sharp decline. According to the monitoring data of business associations, the domestic market price of cyclohexanone was 10366 yuan/ton at the beginning of the month, and 8600 yuan/ton at the end of the month. The price fell 17.04% in the month, 28.33% compared with the same period last year.
| Sulfamic acid |
II. Market Analysis
Products: Cyclohexanone market showed a sharp decline in May, the market rose at the end of the month, but the downstream demand is poor and the boost is weak. During the month, the market price of cyclohexanone in East China dropped from 10,600 yuan/ton at the beginning of the month to about 8,700 yuan/ton. At the end of the month, traders increased slightly to 8,950 yuan/ton. Due to the lack of support from chemical fiber demand, the price dropped to 8,800 yuan/ton. In the first ten days of January, Shandong Luxi and Shandong Haili exported cyclohexanone one after another, and the overall spot supply increased. Late in the month, Yangmei Fengxi temporarily stopped and restarted, Yangmei Taihua temporarily reduced its load and raised its load, Jining Zhongyin Yuejie stopped, Shandong Luxi plant was abnormal, and export volume decreased. In the month before May Day and the week before May Day holidays, the demand for downstream chemical fibers was only normal production of Hengyi caprolactam plant. The Yongrong cyclohexanone plant was restarted around May 25. The load of the plant was gradually increased, and the shortage of cyclohexanone was gradually reduced. Generally speaking, the demand for cyclohexanone in the chemical fiber market in May is far less than that in April. The demand for cyclohexanone is difficult to form a boost because of the small consumption of solvent in the market.
| sulphamic acid |
Industry Chain: Pure Benzene: Pure Benzene price fluctuations in the month up. Earlier this month, the impact of Tehrer’s comments in the United States, commodity prices and oil prices fell, leading to a weakening of the focus of pure benzene, East China once fell below 4400 yuan per ton. In mid-month, Hengli’s shipment tended to be stable, which compensated for the reduction in maintenance of Northwest equipment. The price of East China remained stable near 4500 yuan/ton. In late January, the decline of port stocks gave the market an opportunity to speculate. Meanwhile, the large increase in external prices also supported the domestic pure benzene rise.
Industry: According to the price monitoring of business associations, in May 2019, there were 21 commodities rising annually in the chemical sector, of which 9 commodities increased by more than 5%, accounting for 12.2% of the monitored commodities in the sector. The top three commodities were epichlorohydrin (11.73%), nitric acid (9.51%) and butadiene (9.15%). There are 48 kinds of products with a decline of more than 5%, accounting for 31.1% of the monitored products in this sector. The products with the first three declines are hydrochloric acid (-60.56%), sulfuric acid (-42.25%) and TDI (-26.21%). This month’s average rise and fall was -3.9%.
3. Future Market Forecast
| Magnesium Sulphate |
In the short term, the pure benzene market is consolidated horizontally and the cost support is relatively stable. In June, the spot of cyclohexanone will increase, and the demand of downstream chemical fiber market is still on the low side. Generally speaking, the supply of cyclohexanone will exceed the demand. Cyclohexanone analysts at business associations expect the short-term market for cyclohexanone to remain weak.