Price trend

According to the monitoring of SunSirs, the domestic cyclohexanone market was mainly sorted out. From March 10th to 17th, the average market price of cyclohexanone in China remained at 9,516 RMB/ton, with a month-on-month increase of 0.53% and a year-on-year decrease of 15.53%. Pure benzene, the raw material, fell sharply, cost support weakened. Downstream chemical fibers and solvents purchased just in needed, and the price of actual orders weakened

Analysis review

On the cost side, the domestic market price of pure benzene had dropped significantly, the downstream demand for pure benzene had fallen. The Shandong market price was traded at 7,000-7,260 RMB/ton.

On the supply side, some enterprises had reduced production or parking, resulting in a decrease in the supply of goods. The main production enterprise, Shanxi Lanhua, stopped for maintenance on February 28th, with a plan of one month; Jining Zhongyin was parking for maintenance; the Shijiazhuang coking unit was shut down for maintenance. In the short term, the supply side of cyclohexanone is slightly positive.

On the demand side, the price of CPL declined slightly, the price of crude oil fell sharply during the week. The pure benzene market followed suit and weakened. The weak cost side affected market confidence, downstream procurement was slow down and CPL market was weaker. The demand had negative impact on cyclohexanone market.

Market outlook

The supply in the market was relatively small, and the terminal demand was weaker. The cyclohexanone analyst of SunSirs expects that the domestic cyclohexanone market will be dominated by volatility and consolidation in the short term.

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