According to the monitoring data of SunSirs, from July 4th to 11th, the average price of cyclohexanone in the domestic market fell from 11,100 RMB/ton to 10,960 RMB/ton, a drop of 1.26% within the week, a month-on-month drop of 8.28%, and a year-on-year increase of 2.43%.
Analysis review
This week, the domestic cyclohexanone market was sluggish, the raw material pure benzene market fell weakly, and the cost of cyclohexanone lacked support. In the cyclohexanone market, the overall supply and demand were weak, and most of the downstream follow-up were just in demand.Raw material pure benzene: The price of pure benzene fluctuated and fell, and the main factors causing the price decline were the cost and macro mentality support collapse caused by the deep drop in crude oil.Downstream caprolactam: The spot price of caprolactam has risen slightly. Recently, the caprolactam plant has been reduced and overhauled more, the supply has decreased, and the caprolactam enterprise has suffered serious losses.
Market outlook
Pure benzene fluctuates at a high level, and the cost is generally supported. Downstream demand has not improved significantly for the time being, cyclohexanone enterprises are losing money, and the supply is relatively small. Analysts of cyclohexanone in SunSirs predict that the short-term cyclohexanone market will be dominated by stalemate.
