According to the Commodity Market Analysis System of Business Society, the domestic cyclohexanone market in December saw a first mover and then an increase. From December 1st to 26th, the average price of cyclohexanone in the domestic market first fell from 9406 yuan/ton and then rose to 9412 yuan/ton, an increase of 0.07%, with a maximum amplitude of 0.94%, and a year-on-year increase of 2.31% in price.
At the beginning of the month, the raw material pure benzene was weakly declining, and Sinopec lowered its listing to 7200 yuan/ton. The cost side was weak, and downstream chemical fibers and solvents were purchased on demand. The spot supply of cyclohexanone was not high, but under the resistance of high price shipments, some companies lowered their prices, and the transaction center of the cyclohexanone market fell.
In the first half of the month, the raw material pure benzene was lowered, and Sinopec was listed to lower it to 6800 yuan/ton, lacking cost support. Downstream demand is weak, and the domestic cyclohexanone market is weak and downward, resulting in a lower focus on transactions.
In mid month, the raw material pure benzene oscillated and operated with stable cost support. Downstream demand is average and often followed up on demand. Some companies are temporarily not shipping, coupled with good follow-up of chemical fiber orders last week, resulting in a decrease in factory low price quotations and a decrease in market low prices.
As the end of the month approaches, the domestic price of cyclohexanone tends to be strong, leading to an increase in the raw material pure benzene market and providing good cost support. The spot supply of cyclohexanone has slightly decreased, with downstream companies following up on demand. Driven by cost and supply factors, the market is actively exploring an increase.
On the cost side, the domestic pure benzene market fell first and then rose in December. As of December 26th, the benchmark price of Shengyishe pure benzene was 7050.50 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price trend of cyclohexanone, and the short-term cost of cyclohexanone is influenced by positive factors.
On the demand side, the domestic caprolactam market saw a significant increase in December, with cyclohexanone units mainly supporting downstream caprolactam production. Caprolactam is one of the main downstream sources of cyclohexanone. Some enterprises are undergoing equipment maintenance or planning to reduce production, resulting in a tight supply of spot goods in the market. As of December 26th, the benchmark price of caprolactam for Shengyishe is 13648.75 yuan/ton. The demand for cyclohexanone is temporarily positive.
In the future market forecast, the cost support is good, and downstream will follow up as needed. Currently, there is no inventory pressure on enterprises. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will tend to be strong and consolidate in the short term.
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