Price Trend
According to the monitoring data of business associations, as of October 12, the latest domestic price of cyclohexanone was 8223 yuan/ton, which was 0.60% lower than the same period last month and 36.67% lower than the same period last year. The domestic market of cyclohexanone is mainly narrow and low.
II. Market Analysis
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Products: Domestic market of cyclohexanone continues to decline, mainstream factories downward quotation, but the interest of downstream orders is not high, market participants are empty of the future market mentality, low-end negotiations. Pay attention to the plant dynamics, and expect short-term domestic cyclohexanone market or weak operation.
Industry chain: pure benzene: domestic pure benzene market is rising. Outside prices rose in an all-round way, while U.S. outward prices supported domestic selling prices. The price of crude oil rose when a tanker from the Iranian National Tanker Company caught fire near Jeddah after being hit by “foreign objects”. Domestic market prices went up, but downstream styrene fell and downstream demand for pure benzene remained poor. It is tentatively estimated that the short-term pure benzene market range is weak.
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Caprolactam: The domestic caprolactam market continues to be weak, the demand is weak, the initiative of the polymerization plant is not good, the purchase mood of raw materials is cautious, the market is bullish, the overall trading performance is light, the short-term domestic caprolactam market is still weak finishing, operation suggestions pay attention to terminal receipt mood changes and factory dynamics. East China solid market mainstream offer 12500-13000 yuan/ton nearby, cash delivery. East China liquids market transactions in the vicinity of 1240-12500 yuan/ton, acceptance delivered.
3. Future Market Forecast
Cyclohexanone market is weak, factories negotiate with each other, rumors of price reduction, prudent purchasing downstream, general market atmosphere, business analysts predict that the short-term cyclohexanone market is weak.
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