Price trend
According to the monitoring data of SunSirs, from September 10 to September 18, the average domestic market price of cyclohexanone rose from 110,400 RMB/ton to 12,780 RMB/ton, an increase of 15.76% during the week, and the price increased by 19.96% month-on-month and 24.50% year-on-year.
Analysis review
The cyclohexanone market rose broadly this week. The price of pure benzene increased sharply, downstream demand increased, Shandong Haili’s plant was shut down for maintenance, and the volume of cyclohexanone continued to be in short supply. Under the double boost of cost and demand, cyclohexanone manufacturers actively adjusted the increase, traders followed the increase, and the trading atmosphere was good.
In terms of raw material pure benzene, the list of pure benzene was raised four times, from 7,500 RMB/ton to 8,600 RMB/ton, and the cost was strongly supported. On the downstream side, CPL manufacturers frequently stopped for maintenance, resulting in tight supply; coupled with the approaching Mid-Autumn Festival and National Day holidays, downstream chemical fibers and solvents increased demand for cyclohexanone.
Market outlook
The cost support is relatively stable, the supply of cyclohexanone is in short supply, and the downstream is following up on demand. The analyst of SunSirs cyclohexanone predicts that the short-term cyclohexanone market will continue to run strongly.
