The international crude oil price rose and fell this month, and the listing price of pure benzene Sinopec decreased by 400 yuan, which is now 6800 yuan/ton. The supply of cyclohexanone raw materials is insufficient, the mainstream transaction price is weak, and the market trend of cyclohexanone is downward. This month, the mainstream transaction price of cyclohexanone in the East China market was between 9400-9950 yuan/ton, and the average price in the domestic market was about 9706 yuan/ton, down 200 yuan/ton or 2.02% from the average price last month.
In the first ten days of this month, the price of raw material pure benzene fell, and the quotation of cyclohexanone factory was lowered accordingly. Affected by the epidemic, the logistics and transportation in some regions were blocked, and the order delivery was difficult. In addition, some cyclohexanone factories were operating under low load, and there were few on-site stocks. The purchasing enthusiasm of the downstream chemical fiber market was not high, and the solvent market was small.
In the middle of this month, some factories in Shandong Province purchased cyclohexanone outside. The price rose, and the trade market followed the trend of the market. However, the overall cyclohexanone market was weak, showing a slight lack of market price. There were few inquiries, and the trading atmosphere in the market was flat.
Near the end of the month, Sinopec’s listing price of pure benzene continued to decline, the cost side of cyclohexanone was not supported enough, the market mentality of the industry was empty, the factory price fell under pressure, the trade market was cautious in getting goods, the downstream market demand was weak, and the whole market was limited. In general, the market focus of cyclohexanone moved downward this month, the supply of goods was fair, and the downstream demand was weak, so we need to continue to pay attention to the trend of raw material pure benzene and the changes in downstream demand.

Supply side: The domestic cyclohexanone output in this month was about 356800 tons, down from last month. Compared with last month, the average operating rate of cyclohexanone unit in this month decreased slightly, with the average operating rate of 65.03%, a decrease of 1.69% compared with last month. At the beginning of this month, the capacity of 100000 tons of cyclohexanone in Shanxi stopped. Within the month, Shandong’s 300000 ton cyclohexanone capacity was restarted after short-term maintenance. In the middle of January, a certain unit in Shandong stopped maintaining the capacity of 100000 tons of cyclohexanone, and other units operated stably. Overall, the supply of cyclohexanone increased this month.
Demand side: The domestic market of lactam fluctuated and declined this month, and the price decreased compared with that of last month. In the middle of November, a large factory in Shandong continued to operate under low load after a temporary short stop. In addition, a factory in Shanxi stopped for a short time and another factory stopped, resulting in a sharp decline in spot supply in the short term. During this period, although the unit load of a manufacturer in Fujian increased, one line of a manufacturer in Hebei restarted; In the middle and late of the month, the early short stop devices in the site will gradually recover. In general, the downstream chemical fiber market demand of cyclohexanone is limited this month.
It is estimated that the crude oil volume is expected to rise in the future, but the range is limited, which may affect the price of pure benzene. Downstream profits are difficult to rise in the short term. Downstream only need to buy. At the beginning of this month, the price of pure benzene still has room for decline. It is expected that the pure benzene market will rebound after falling. Pay close attention to macro news, crude oil, styrene and changes in market supply and demand. It is expected that the mainstream price of pure benzene will be between 6100-7000 yuan/ton next month. Due to the insufficient support of raw material pure benzene, the price trend of cyclohexanone market has declined and the supply is sufficient. The downstream chemical fiber market purchases on demand, the solvent market follows small orders, and the trade market follows the market. In the future, we will continue to pay attention to the price change and downstream demand of the raw material pure benzene market. It is estimated that the price of cyclohexanone in the domestic market will rise only a little in the next month, and the price change space will be between 9000-9500 yuan/ton.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062