According to the Commodity Market Analysis System of the Business Society, the domestic cyclohexanone market fluctuated and declined in May. From May 1st to 30th, the average market price of cyclohexanone in China dropped from 9510 yuan/ton to 9325 yuan/ton, a decrease of 1.75%, with a maximum amplitude of 2.20% and a year-on-year decrease of 20.79%.

At the beginning of the month, the raw material pure benzene was operating in a weak position, with weak cost support and average downstream demand. However, the supply of market goods increased, industry competition intensified, and the focus of the cyclohexanone market fell. In mid month, the raw material pure benzene fell weakly, with a lack of cost support, weak downstream demand, strong resistance to high prices, and a large supply of goods in the market. Manufacturers offered to sell at a profit, resulting in a decrease in transaction volume. In the latter half of the month, the raw material pure benzene fell weakly, with a lack of cost support, weak downstream demand, high market commodity circulation, poor shipments, and a lower transaction focus.

On the cost side, the domestic pure benzene market was operating at a low level in May. As of May 30th, the benchmark price of pure benzene for Shangshang Society was 6572.17 yuan/ton, a decrease of -11.59% compared to the beginning of this month (7433.83 yuan/ton). The overall demand atmosphere is weak, with downstream consumption of raw material inventory being the main factor, making it difficult for the pure benzene market to change the downward trend. The cost side of cyclohexanone is bearish.

On the supply side, the operating rate of cyclohexanone industry units remains around 60%, with a slight increase in supply. The short-term supply of cyclohexanone was slightly bearish.

On the demand side, the domestic caprolactam market in May was dominated by the high level. As of May 30, the benchmark price of caprolactam in the business community was 12580.00 yuan/ton, a decrease of -0.81% compared with the beginning of this month (12683.33 yuan/ton). At present, caprolactam market supply is relatively stable, and supply and demand are relatively balanced. Downstream demand performance is insufficient, and procurement is more cautious, maintaining a wait-and-see attitude. The demand side of cyclohexanone is favorable and has a positive impact.

In the future market forecast, pure benzene may continue to experience weak volatility and weak cost support. The supply of goods has increased, and cyclohexanone analysts from Business Society predict that the domestic cyclohexanone market will operate in a weak manner in the short term.