In November, the domestic cyclohexanone market fluctuated. According to the monitoring data of the business community, the average price of domestic cyclohexanone market at the beginning of the month was 9680 yuan/ton, and the average price of domestic cyclohexanone market at the end of the month was 9441 yuan/ton, a fall of 2.46% in the month and 8.04% year on year. The main factor in the change of cyclohexanone market in November was the contradiction between supply and demand.
At the beginning of the month, domestic cyclohexanone was weak and fell. In terms of raw materials, Sinopec’s pure benzene was listed twice and lowered by 450 yuan/ton to 7200 yuan/ton, lacking support in cost. At the same time, in the early stage, the cyclohexanone in Luxi was exported, and the supply increased. However, the downstream demand was weak, and the shipment resistance was large. The market price of cyclohexanone fell.
In the middle of this month, the domestic cyclohexanone market fluctuated at a low level, the pure benzene market was consolidated at a low level, the cost support was relatively stable, the total downstream demand was still average, and the cyclohexanone market was difficult to change significantly in the short term.
In the last ten days of this month, the domestic cyclohexanone market was weak, the raw material pure benzene market was running in shock, and the cost support was relatively stable, but the downstream demand was general, the purchasing power was insufficient, and the price of cyclohexanone fell slightly.
At the end of the month, the cost support was weak, and the market supply increased. The downstream chemical fiber companies needed to follow up, and the market supply was slightly oversupply, and the manufacturers’ transaction focus fell.
Summary of domestic cyclohexanone market as of November 29:
East China./9300-9500 yuan/ton cash
South China./9400-9500 yuan/ton cash
Shandong area./9100-9200 yuan/ton spot exchange sent to
Raw material pure benzene: According to the monitoring of the business community, the domestic pure benzene market declined significantly. The price at the beginning of the month was 7383 yuan/ton, and the price at the end of the month was 6559 yuan/ton, a decline of 11.17%.
Downstream caprolactam: the business community monitored the narrow fluctuation of the domestic caprolactam spot market, with the price of 12500 yuan/ton at the beginning of the month and 12206 yuan/ton at the end of the month, a decline of 2.35% during the period.
The raw material pure benzene is in a downturn, and the cost support is lacking. The total downstream demand is still average, and there is no good news to stimulate. The cyclohexanone analysts of the business community expected that the short-term cyclohexanone market would be mainly weak.