According to the Commodity Market Analysis System of the Business Society, from September 8th to 15th, the average price of cyclohexanone in the domestic market increased from 9971 yuan/ton to 10150 yuan/ton, an increase of 1.79% during the cycle, with a month on month increase of 5.42% and a year-on-year increase of 4.00%. The raw material pure benzene continues to rise, with strong cost support. Some companies unexpectedly stopped their cars, resulting in a decrease in the supply of cyclohexanone products. The market was reluctant to sell due to market restrictions, resulting in another increase in prices and a decrease in low prices.
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On the cost side, the raw material pure benzene has seen a significant increase in the price of domestic pure benzene. Crude oil and styrene continued to perform strongly, with the price of pure benzene rapidly rising; The main production enterprise, Sinopec Pure Benzene, has raised its listing multiple times to 8800 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price of cyclohexanone, and the short-term cost of cyclohexanone is influenced by positive factors.
On the supply side, according to the Commodity Market Analysis System of Business Society, the domestic production capacity of cyclohexanone is about 6.55 million tons, and the current operating load is around 60%, which is at a relatively low level. The main production enterprises have limited product supply due to device maintenance. The short-term supply of cyclohexanone is influenced by positive factors.
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On the demand side, cyclohexanone units are mainly equipped with downstream caprolactam production, and caprolactam is one of the main downstream sources of cyclohexanone. Supported by strong costs, the market price of caprolactam has continued to rise significantly. Currently, the cost of caprolactam is high, and there is still a partial reduction in the supply of caprolactam. The supply is tight, and the market price continues to rise. The demand for cyclohexanone is temporarily positive.
In the future market forecast, with support from costs and supply, analysts from Business Society predict that the domestic cyclohexanone market will mainly consolidate at a high level in the short term.
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