Cyclohexanone: The price fell below the five-year average price in the same period
[Cyclohexanone]: The price fell below the five-year average price in the same period
Release time: 2022-08-27 11:15 Source: Longzhong Information Editor in charge: Han Qinghua
Introduction: The price of cyclohexanone is driven by the continuous conversion between cost logic and supply and demand logic. The market price is at a high position in the five-year range. However, since mid-June, the downstream chemical fiber demand of cyclohexanone has been weak, and the price has continued to fluctuate. As of August On March 26, it has fallen to a new low this year, falling below the five-year average price level during the same period.
From January to June 2022, the cyclohexanone market fluctuated at a high level, with an overall range of 10,900-12,600 yuan/ton. In the first half of the year, the price of cyclohexanone was driven by a constant transition between cost logic and supply and demand logic, and the market price was at a high position in the five-year range. The overall price is higher than the five-year average price of about 2,000 yuan / ton. However, since mid-June, the demand for downstream chemical fiber of cyclohexanone has been weak, and the market price has continued to fluctuate.
As the price of raw material pure benzene continued to rise in the first half of 2022, the monthly average price rose from 7,500 yuan/ton to 9,802 yuan/ton at the end of June, while the terminal demand was unsatisfactory, the downstream caprolactam was operating at a low load, and weak demand suppressed the increase of cyclohexanone. Profits keep shrinking. At the end of July, the delivery near the end of the month, and the East China pure benzene port inventory fell to a new low, the pure benzene price rose, but cyclohexanone was affected by the demand side, the price continued to decrease, and the benzophenone difference fell to a 10-year low.
Entering August, pure benzene fluctuated lower, and the pressure on the cost side eased. Under the circumstance of serious loss of cyclohexanone, the production reduction and shutdown of commercial units increased. In addition, due to the loss of the oxidation unit, it is relatively suitable to use cyclohexanone from outside. The partial oxidation unit reduces production and collects cyclohexanone outside. The market for cyclohexanone is opened, and the supply and demand of cyclohexanone have reached a weak balance again.
