Price Trend
According to the monitoring data of business associations, as of April 10, the average price of domestic cyclohexanone market was 9,600 yuan/ton, and the domestic market of cyclohexanone continued to rise.
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II. Market Analysis
Products: Cyclohexanone market continues to rise, downstream chemical fiber procurement enthusiasm is still acceptable, manufacturers spot is not much, external quotations continue to rise, solvent market just need to purchase, the market trading atmosphere is good. The mainstream offer of cyclohexanone in North China market is delivered in cash from 9900 to 10000, the mainstream offer in East China market is delivered in cash from 10200 to 10400, and the mainstream offer in South China market is delivered in cash from 10500 to 10700.
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Industry chain: pure benzene: East China pure benzene price slightly fell. Influenced by Taihua parking news, FOB Korea pure benzene rose sharply in early trading. The difference between internal and external prices widened to more than 500 yuan/ton, boosting the offer of pure benzene to about 4700 yuan/ton. It was heard that trading volume reached 4500 yuan/ton in May. However, in recent years, although the price of pure benzene is high, the turnover is mostly reversed by traders, the port inventory has not declined, and is still around 245,000 tons. Caprolactam: The price of pure benzene in East China dropped slightly. Influenced by Taihua parking news, FOB Korea pure benzene rose sharply in early trading. The difference between internal and external prices widened to more than 500 yuan/ton, boosting the offer of pure benzene to about 4700 yuan/ton. It was heard that trading volume reached 4500 yuan/ton in May. However, in recent years, although the price of pure benzene is high, the turnover is mostly reversed by traders, the port inventory has not declined, and is still around 245,000 tons.
3. Future Market Forecast
Cost support is still acceptable, downstream chemical fiber procurement is general, but the manufacturers of cyclohexanone spot is not much, there is no delivery pressure. Cyclohexanone analysts from business associations predict that the short-term market for cyclohexanone will be stable and moderate.
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