The domestic cyclohexanone market was weak in April. According to the monitoring data of business agency, the average market price of domestic cyclohexanone at the beginning of the month was 11400 yuan / ton, and the average market price of domestic cyclohexanone at the end of the month was 11200 yuan / ton, a decrease of 1.75% in the month and a year-on-year increase of 7.49%.

 

In April, the cyclohexanone market was weak and volatile, pure benzene was consolidated at a high level, the cost pressure was not reduced, the downstream demand was depressed, coupled with the impact of transportation, the downstream followed up on demand, and the market was in a stalemate.

 

At the beginning of the month, the domestic cyclohexanone market rose by a narrow margin. The raw material pure benzene was consolidated at a high level, and the cost support was relatively stable. The demand for downstream chemical fiber is still weak. Some cyclohexanone enterprises are not exported, and the supply of goods in the market is slightly reduced. Driven by the atmosphere of crude oil, cyclohexanone has risen in a narrow range. However, due to the restriction of the demand side, high price shipments are blocked, and the transaction price has fallen in a narrow range.

 

PVA 0599 (PVA BF05)

In early June, the domestic cyclohexanone market was weak and downward. The raw material pure benzene fluctuated at a high level, and the cost support was stable. However, the downstream chemical fiber demand is weak and difficult to change. Sinopec caprolactam is listed and lowered by 400 yuan / ton. In addition, the transportation is limited, the shipment of cyclohexanone is blocked, and the transaction price falls sharply under the pressure of high price shipment.

 

In mid June, the domestic cyclohexanone market continued to be weak. The raw material pure benzene fluctuates at a high level, and the cost pressure does not decrease. The downstream chemical fiber market was stable and upward. Sinopec caprolactam was listed and increased by 200 yuan / ton, but the purchase enthusiasm was general. In addition, the transportation was limited, the delivery of cyclohexanone was blocked, some enterprises stopped to reduce production, the overall supply and demand of cyclohexanone was weak, and the market was in a stalemate and consolidation.

 

In late June, the domestic cyclohexanone market was mainly sorted out. The raw material pure benzene fluctuates at a high level, and the cost pressure does not decrease. The downstream chemical fiber market has reduced production and operation, the weak demand for outsourcing, coupled with the impact of logistics and transportation, the delivery speed of cyclohexanone has slowed down, but the commencement of cyclohexanone commodity volume is low, the market is in a weak balance, the rise and fall of cyclohexanone are in a dilemma, the market runs sideways and the trading is light.

 

Monthly K column chart of domestic production price of cyclohexanone in business society:

 

Weekly K column chart of domestic production price of cyclohexanone in business society:

 

Summary of domestic cyclohexanone market as of April 30:

 

region ., Price

East China, 11300-11400 yuan / ton cash delivery

South China, 11400-11600 yuan / ton cash delivery

Shandong Province, 11100-11200 yuan / ton cash delivery

In terms of raw materials, pure benzene: styrene, caprolactam and other long-term losses, and the price of pure benzene continues to rise with insufficient power. However, in May, new units such as Tianjin Dagu and Maoming Petrochemical styrene entered the site, and the demand in May is expected to be stronger than that in April under the background of the gradual decline of the impact of health events and the recovery of overall downstream consumption.

 

POLYVINYL ALCOHOL

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

 

Downstream, the caprolactam market rose first and then fell in April. Since the beginning of April, many caprolactam units have been shut down for maintenance, the supply has decreased, and the caprolactam loss has led to the gradual increase of the enterprise’s selling price. However, in the later stage, due to the poor demand side follow-up, the sales of polymerized products were blocked and the follow-up of raw materials was weak. In the latter half of the year, some enterprises reduced prices to relieve inventory pressure. Driven by the continuous increase of costs at the end of the month, the low prices gradually decreased.

 

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

 

According to the price monitoring of the trading society, in the list of bulk commodity prices in April 2022, there were 41 kinds of commodities rising month on month in the chemical sector, of which 9 kinds increased by more than 5%, accounting for 8.2% of the monitored commodities in the sector; The top three commodities were formic acid (36.15%), caustic soda (13.35%) and flake soda (9.32%). A total of 66 commodities fell month on month, and 29 commodities fell by more than 5%, accounting for 26.4% of the monitored commodities in this sector; The products with the top three declines were propylene glycol (- 20.05%), acetic acid (- 18.39%) and glycine (- 16.77%). The average rise and fall this month was – 1.87%.

 

Pure benzene is high, the cost is strong, the downstream demand is general, and the supply of cyclohexanone is stable. Cyclohexanone analysts of business society expect that cyclohexanone is strong in the short term.

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