1、 Price trend
According to the Commodity Market Analysis System of Shengyi Society, the domestic cyclohexanone market was weakly consolidated in August. From August 1st to 30th, the average price of cyclohexanone in the domestic market dropped from 10100.00 yuan/ton to 9866.67 yuan/ton, a decrease of 233.33 yuan or 2.31%, and a year-on-year increase of 1.27%.
The raw material pure benzene fluctuated and rose, and the listing prices of major production enterprises have rebounded. Downstream chemical fiber procurement is on demand, and the supply of goods is stable. However, due to the weak industry mentality, the market transaction center has weakened.
2、 Market analysis
Cost aspect: In August, the domestic pure benzene market situation was sorted and operated. As of August 31st, the benchmark price of pure benzene in Shengyi Society was 8613.00 yuan/ton, an increase of 2.07% compared to the beginning of this month (8438.00 yuan/ton). Compared to 9318.00 yuan/ton at the beginning of July, the price has decreased by 705 yuan/ton, a decrease of 7.57%. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%, and the market trend of pure benzene directly affects the price of cyclohexanone. The cost aspect of cyclohexanone is well supported.
Supply side: According to the Commodity Market Analysis System of Business Society, the domestic production capacity of cyclohexanone is about 6.55 million tons, and the current operating load is around 70%. The supply of products is relatively balanced.
On the demand side: In August, the domestic caprolactam market fluctuated and rose, with downstream caprolactam production being the main focus of cyclohexanone plants. Caprolactam is one of the most important downstream producers of cyclohexanone. The price of raw material pure benzene fluctuated upwards. Some caprolactam companies have raised their quotations. Downstream on-demand procurement, with average terminal demand. As of August 30th, the benchmark price of caprolactam in Shengyi Society is 12828.33 yuan/ton. The temporary storage of demand for cyclohexanone is favorable.
3、 Future forecast
Raw material pure benzene fluctuated upwards, with good cost support and favorable downstream temporary storage. Analysts from Shengyi Society predict that domestic cyclohexanone will fluctuate upwards within a range in the short term.
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