According to the monitoring data of SunSirs, from October 31 to November 4, the average price of cyclohexanone in the domestic market fell from 9,760 RMB/ton to 9,680 RMB/ton, with a drop of 0.82% in the week, 2.22% month on month and 15.09% year on year.
Analysis review
Domestic cyclohexanone fell weakly this week. In terms of raw materials, Sinopec's pure benzene was listed twice and lowered by 450 RMB/ton to 7,200 RMB/ton, lacking cost support. At the same time, in the early stage, the cyclohexanone of Luxi Chemical was exported, and the supply increased. However, the downstream demand was weak, and the shipment resistance was large, and the market price of cyclohexanone fell.
Raw material pure benzene: The price of domestic pure benzene market continued to fall, and Sinopec's pure benzene was listed twice and lowered by 450 RMB/ton to 7,200 RMB/ton. East China spot traded at 6,800-7,380 RMB/ton, and Shandong market traded at 7,000-7,480 RMB/ton.
Downstream CPL: the price of CPL fell sharply. Due to the recent rapid decline in the price of pure benzene and the negative cost side, as well as the poor sales and price decline of downstream PA6 chips, the CPL market mentality turned negative and the spot price fell back.
Market outlook
The supply of pure benzene increased, and there was an expectation of decline. The fundamentals of downstream CPL were on the negative side, and the expectation of enthusiasm for external procurement was general. The cyclohexanone analysts of SunSirs expected that the cyclohexanone market would be mainly consolidated in the short term.
