Driven by costs, the cyclohexanone market rose in May

According to the Commodity Market Analysis System of Business Society, the domestic cyclohexanone market rose in May. From May 1st to 31st, the average price of cyclohexanone in the domestic market increased from 9602 yuan/ton to 9906 yuan/ton, an increase of 2.52%, with a year-on-year increase of 6.95%.



In the first half of the month, the domestic price of cyclohexanone stabilized and operated, with high fluctuations in pure benzene after the holiday, and the cost pressure remained unchanged. Downstream chemical fibers and solvents are mostly purchased on demand, with stable and abundant spot supply in the market. High priced shipments are hindered, and the market is undergoing consolidation and operation.


In mid month, there is an expectation of a recovery in the domestic cyclohexanone market. The raw material pure benzene is operating strongly, resulting in increased cost pressure. Downstream purchases are made on demand, and the market situation is consolidating


In the latter half of the month, the domestic cyclohexanone market saw a narrow rise, with raw material pure benzene fluctuating at high levels and significant cost pressure. Downstream chemical fiber procurement was concentrated, and the atmosphere for cyclohexanone transactions was still good. Low price offers gradually decreased, and the focus of transactions increased.


On the cost side, the price of pure benzene in the domestic market has risen significantly, and the short-term supply tension in the market is difficult to change. At the end of the month, overseas factories caught fire, and the impact on pure benzene production is still uncertain. However, for the long-term scarce domestic pure benzene market, it still stimulates prices to continue to rise. As of May 31st, the benchmark price of pure benzene for Shengyishe is 9075.50 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 trend of cyclohexanone, and the short-term cost of cyclohexanone is influenced by positive factors.


On the demand side, cyclohexanone units are mainly equipped with downstream production of caprolactam, which is one of the main downstream sources of cyclohexanone. The price of caprolactam continues to rise, while upstream pure benzene prices continue to rise. The cost pressure of caprolactam has increased, and enterprise quotations continue to rise. However, downstream high priced purchases of caprolactam and PA6 conventional spinning chips are gradually becoming cautious, and the atmosphere of high priced transactions is slightly easing. The demand for cyclohexanone has a mixed impact.


In the future market forecast, the raw materials are operating at a high level, and the cost pressure is relatively high. Downstream demand is average, and the spot supply and demand of cyclohexanone are weakly balanced. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will tend to consolidate at a high level in the short term.

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