Global stock markets fell under inflation worries, the epidemic situation in India continued to worsen, and international oil prices fell sharply. Pure benzene spot slightly down, cyclohexanone market temporarily stable, in wait-and-see. According to the monitoring data of SunSirs, as of May 14, the average market price of domestic cyclohexanone was 11,220 RMB/ton, with a month on month increase of 13.10% and a year-on-year increase of 93.45%.
In terms of raw materials, pure benzene dropped after rising. In the first half of last week, due to the concentrated maintenance of pure benzene plants and the impact of new downstream demand, the domestic pure benzene supply was in short supply, and the market was reluctant to sell at low prices; In the latter half of the period, the futures price of downstream styrene fell sharply, and pure benzene followed the weakness. In terms of downstream, the starting rate of CPL plant was high, and raw materials were purchased on demand.
The spot price of pure benzene has fallen, and the market price of cyclohexanone is relatively high, and the downstream follow-up is slow. SunSirs cyclohexanone analysts expect that the domestic cyclohexanone market will consolidate at a high level in the short term.
