In November, the domestic cyclohexanone market continued to fluctuate and decline. According to the monitoring data of business agency, the average market price of domestic cyclohexanone at the beginning of the month was 11560 yuan / ton, and the average market price of domestic cyclohexanone at the end of the month was 9733 yuan / ton, a decrease of 15.80% in the month and a year-on-year increase of 50.32%.

At the beginning of the month, the cyclohexanone market mainly fell. The cost of pure benzene horizontal finishing is temporarily stable. The supply of cyclohexanone was abundant, and the inventory pressure of manufacturers was too high. They actively offered profits for promotion, and the market price fell to a low level.

In the middle of the month, the cyclohexanone market was weak. The pure benzene market is stable and small, and the cost of cyclohexanone is stable. The downstream caprolactam supply tends to be more, the market price is weak, the demand for chemical fiber is weak, and the shipment of cyclohexanone is blocked. In addition, the caprolactam units of Haili Dafeng and Inner Mongolia Qinghua enterprises are parked, while cyclohexanone is exported, the market supply is abundant, the high price transaction is weak, and the transaction focus is narrow and low.

In late June, the domestic cyclohexanone market fell significantly. Traders’ quotations have been lowered many times. After the manufacturer suspended the quotation for a period of time, it quoted a low price, which increased the bearish sentiment in the market. The enthusiasm of downstream purchasing is poor, and the atmosphere of just needing to buy is light.

At the end of the month, the cyclohexanone market fluctuated at a low level. Pure benzene is weak, and the cost is temporarily stable. The downstream caprolactam supply is abundant, and the chemical fiber single just needs to be followed up. There are too many sources of goods in the cyclohexanone market and there is great pressure on shipment. Some enterprises actively sell goods at a profit, and the focus of market transactions decreases. However, with the decline of prices, the cost pressure of cyclohexanone is prominent, the low price of cyclohexanone is reduced, and the wait-and-see mood is heavy.

Monthly K column chart of domestic production price of cyclohexanone:

Weekly K column chart of domestic production price of cyclohexanone:

Summary of domestic cyclohexanone market as of November 30:

region ,. Price

East China 9600-9800 yuan / ton cash delivery

South China 10100-10200 yuan / ton cash delivery

Shandong region 9400-9500 yuan / ton cash delivery

In terms of raw materials and pure benzene, the price of pure benzene fell significantly. At the beginning of June, pure benzene rebounded slightly driven by the continued rise of crude oil. With the weakening of styrene and the wide decline of crude oil, bulk commodities generally weakened and the price of pure benzene fell. In the middle of the month, affected by the weakness of crude oil and styrene, pure benzene followed the decline. At the end of the month, crude oil fell in shock, the price weakened broadly, the cost support collapsed, and the price of pure benzene continued to decline.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business society:

Downstream, in terms of caprolactam, at the beginning of the month, the price of caprolactam decreased due to the increase of caprolactam supply and the decline of raw materials. In the middle of the month, with the increase of caprolactam supply, the price of raw materials fell, and the price of caprolactam continued to decline. At the end of the month, the price of caprolactam raw material pure benzene fell sharply, and the caprolactam market continued to decline.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business community:

According to the price monitoring of the business community, in the list of commodity prices in October 2021, there were 72 kinds of commodities rising month on month in the chemical sector, including 51 kinds of commodities rising by more than 5%, accounting for 51% of the monitored commodities in the sector; The top three commodities were ammonium sulfate (62.96%), chloroform (48.06%) and bromine (43.01%). A total of 24 commodities decreased month on month, and 13 commodities decreased by more than 5%, accounting for 13% of the monitored commodities in this sector; The products with the top three declines were phosphoric acid (- 27.33%), organosilicon DMC (- 26.28%) and acetic acid (- 24.50%). The average rise and fall this month was 8.3%.

At present, raw materials and supply and demand are weak, surrounded by bad news. The cyclohexanone analysts of business society expect that the short-term cyclohexanone market will still be weak.