According to the Commodity Market Analysis System of Business Society, from October 30th to November 6th, the average market price of cyclohexanone in China dropped from 9487 yuan/ton to 9450 yuan/ton, with a decrease of 0.40% during the cycle. The price fell 4.18% month on month and 2.38% year-on-year. The raw material pure benzene is subject to weak fluctuations, stable cost support, stable spot supply of cyclohexanone, and downstream follow-up on demand, resulting in a stable operation of the domestic cyclohexanone market.

On the cost side, raw material pure benzene: The domestic pure benzene market has surged and fallen, with slight inventory accumulation at East China ports. Crude oil futures have fluctuated and declined during the week, resulting in insufficient support for pure benzene. 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 affected by bearish 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.

On the demand side, cyclohexanone units are mainly equipped with downstream caprolactam production, and caprolactam is one of the main downstream sources of cyclohexanone. The market for caprolactam has slightly improved. There is still support in some parts of the cost fluctuation consolidation, while in terms of supply, Nanjing Dongfang Parking Maintenance and Cangzhou Xuyang short-term load reduction have reduced supply, while the seller’s price intention has increased. The demand for cyclohexanone is temporarily positive.

According to future market forecasts, the raw material pure benzene is weakly sorted and the cost side is relatively stable. The spot supply and demand of cyclohexanone are balanced, and cyclohexanone analysts from Business Society predict that the domestic cyclohexanone market will operate weakly in the short term.