In recent months, the domestic cyclohexanone market weak shock operation, as of August 2, the East China market cyclohexanone price reference 10,200 yuan/ton. With the decline in raw material pure benzene prices, and the downstream chemical fiber and solvent demand side is weak, cyclohexanone market with raw material prices fell.
Recently, the spot price of pure benzene in East China has been high and volatile. Due to the resumption of domestic supply devices of petroleum benzene, the supply of pure benzene has recovered to a high level, and the total import volume and the number of port ships have increased, and the economic parking of downstream styrene has decreased. Phenol, caprolactam and aniline were repaired within the plan, and the downstream demand for pure benzene decreased. Sinopec pure benzene listed several times down to 8400 yuan/ton, East China pure benzene spot price fell to 8585 yuan/ton, compared with the high level at the end of June fell as high as 11.04%. Cyclohexanone raw material cost lack of support.
In recent months, the domestic cyclohexanone market price shock fell, as of August 2 East China market price reference 10150-10250 yuan/ton spot exchange sent, compared with the high price of 10750 yuan/ton at the beginning of the month fell about 5.12%. Due to the relatively abundant spot supply of cyclohexanone in some enterprises, the price of superimposed raw material pure benzene fell, the industry lacked good news to boost, downstream procurement enthusiasm slowed down, and the transaction focus of cyclohexanone fell.
The recent decline in raw material prices, and cyclohexanone due to its own supply and demand and long-term losses and other factors, cyclohexanone decline is much smaller than raw material pure benzene, pure benzene as raw material of cyclohexanone process, in July, cyclohexanone profit level compared with the second quarter, significantly reduced. As of August 2, the theoretical loss of cyclohexanone was 385 yuan/ton, which was about 715 yuan/ton less than the most serious loss in July.
Future market forecast:
From the perspective of supply and demand: Hualu Hengsheng’s foreign sales are expected to decrease, if Luxi chemical cyclohexanone is put into production as scheduled, external production or reduction, it is expected that supply and demand in August is still weak balance state, cost forecast: pure benzene supply rose at a high level, but just need to restore limited, considering the low average price of the market this month, downstream procurement replenishinventory. Spot prices rose slightly, talk about reference 8300-8900 yuan/ton near the operation.
Overall, the raw material pure benzene shock operation, the cost side support is relatively stable, the supply and demand of cyclohexanone commodity volume is weak balance, it is expected that the domestic cyclohexanone finishing operation in August.
