Source: Jintou.com
According to Business Society monitoring data, from October 31 to November 4, the average domestic market price of cyclohexanone fell from 9,760 yuan / ton to 9,680 yuan / ton, a drop of 0.82% within the week, one month. after a monthly decline of 2.22% and a year-over-year decline of 15.09%.
In terms of raw materials, Sinopec’s pure benzene price was reduced twice by a total of 450 yuan / ton to 7200 yuan / ton and the cost lacks support. At the same time, Luxi cyclohexanone was exported early on and supply increased, however, downstream demand was weak, shipping resistance was relatively large, and the market price of cyclohexanone decreased.
Raw material Pure Benzene: The domestic market price of pure benzene continued to decline and Sinopec pure benzene was quoted twice as low, for a total of 450 yuan / ton to 7200 yuan / ton. The spot transaction in East China is 6800-7380 yuan / ton and the Shandong market price is 7000-7480 yuan / ton.
Downstream Caprolactam: Caprolactam prices have dropped dramatically. Due to the recent rapid drop in the price of pure benzene, the downside of costs, coupled with slow sales and falling prices of downstream PA6 chips, the caprolactam market mentality has become hollow and the spot price has fallen.
The supply of pure benzene has increased and is expected to decrease. The fundamentals of downstream caprolactam are bearish and enthusiasm for external mining should be general. The trading company’s cyclohexanone analyst expects the short-term cyclohexanone market will mostly be resolved.
(Article Source: Business Club)
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