According to the Commodity Market Analysis System of Business Society, from November 3rd to 10th, the average market price of cyclohexanone in China dropped from 9450 yuan/ton to 9325 yuan/ton, with a decrease of 0.91% during the cycle. The price fell 6.68% month on month and 3.79% year-on-year. The spot price of raw material pure benzene has fallen, and Sinopec has lowered its listing twice to 7750 yuan/ton, lacking cost support. The downstream chemical fiber and solvent market demand is average, and more purchases are made on demand. Some production enterprises have restarted their installations, with an expected increase in spot supply, weak fundamentals of cyclohexanone, and a decrease in transaction focus.

On the cost side, raw material pure benzene: Crude oil futures have experienced a significant decline, coupled with a slight increase in pure benzene production, resulting in a light spot buying atmosphere in the pure benzene market. 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 weekly average operating load of cyclohexanone is 64.33%, which is+0.22% higher than last week. The weekly production is 89400 tons,+0800 tons compared to last week.

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 caprolactam market has weakened locally, with recent declines in crude oil and pure benzene prices, weakening cost support, and two downward revisions in the listing price of pure benzene in East China, which has a negative impact on downstream confidence. Although there have been some short-term reductions in the supply of caprolactam, the overall purchasing enthusiasm of downstream polymerization factories is not high, and the prices of some caprolactam enterprises have slightly decreased. The demand side for cyclohexanone is temporarily bearish.

According to future market forecasts, the raw material pure benzene is expected to weaken due to fluctuations, resulting in a lack of cost support. Expected increase in spot supply and inventory of cyclohexanone, downstream follow-up on demand, and cyclohexanone analysts from Business Society predict that the domestic cyclohexanone market is weak in the short term.