According to the Commodity Market Analysis System of Shengyishe, from March 8th to 15th, the average price of cyclohexanone in the domestic market dropped from 781 yuan/ton to 9731 yuan/ton, with a price drop of 0.51% during the cycle, a month on month decrease of 0.57%, and a year-on-year increase of 2.25%. The domestic price of cyclohexanone is on a wait-and-see basis, and the recent consolidation of raw material pure benzene has strengthened the cost support. The spot supply of cyclohexanone is stable, and downstream demand is mostly followed up. Due to a slight rebound in the pure benzene market, the cyclohexanone industry has stopped falling and stabilized.

On the cost side, raw material pure benzene: domestic pure benzene prices are relatively high. The domestic production of pure benzene has limited changes, and the downstream demand for pick-up is stable. However, the number of imported goods on board has increased, and port inventories have slightly accumulated. As of March 15th, the benchmark price of pure benzene for Shengyishe is 8508.83 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 favorable factors.

On the supply side, according to the commodity market analysis system of Business Society, the domestic production capacity of cyclohexanone is about 7.14 million tons, and the current operating load is about 60%, which is at a relatively low level. The average weekly operating load of cyclohexanone is 68.67%, and the weekly production is 104100 tons, which has decreased compared to the previous cycle. The supply of cyclohexanone is influenced by favorable 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 sales of caprolactam and downstream PA6 chips have improved, and the market has stabilized. However, there are still concerns about the supply of caprolactam in the later stage of the market, and the polymerization factory mainly purchases raw materials on demand. The demand side for cyclohexanone is temporarily bearish.

In the future market forecast, pure benzene will operate in a volatile manner, with relatively stable cost support. There is not much spot supply of cyclohexanone, and downstream demand is uncertain. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will mainly consolidate in the short term.