1、 Price trend

According to data monitored by Shengyi Society, as of November 19th, the average price of industrial grade high-quality cyclohexane in China was 7766.67 yuan/ton. As of November 19th, the domestic cyclohexane market has been operating narrowly and weakly, with market transaction prices maintained at around 7900 yuan/ton, mainly affected by upstream and terminal factors. The cyclohexane price has dropped by 0.43% compared to the same period last week. Currently, there is sufficient spot supply of cyclohexane, and follow-up is cautious.

2、 Market analysis

Market wise: Currently, the upstream market has relatively weak support for the cyclohexane market, and the supply side of the cyclohexane market is relatively loose. The overall demand in the downstream market is poor, with a small amount of shipments. Manufacturers mainly offer discounts and take orders, and industry players are cautious and cautious, with low purchasing sentiment.

In terms of cost: At the beginning of last week, international crude oil and pure benzene prices fell both, and upstream prices fell, driving the cyclohexane market to continue to weaken. Currently, the pure benzene market is operating in a narrow range of fluctuations, with supply and demand in the market, and inventory is operating normally with narrow fluctuations. Northern market quotations have declined, with low prices frequently appearing. Port pickups in East China have been smooth, and overall market buying has rebounded so far.

Downstream: The downstream market for cyclohexanone continued to show a weak trend, with the overall decline slowing down at that time. Currently, the overall market is in a state of supply and demand balance, with low prices increasing and prices mainly concentrated between 8600-8700 yuan/ton. Downstream demand performance is poor, and production enterprises have weakly lowered their offers. Industry players lack information on the future market, and they are cautious in following up, showing a mentality of buying up and not buying down.

In terms of demand, downstream prices of caprolactam are mainly weak, and the industry’s supply capacity has increased. Currently, the operating rate of caprolactam can reach about 85%, and there is sufficient supply of goods. There is some pressure on inventory, and the price of caprolactam will continue to maintain a weak trend during the week. It is expected that the price will maintain the current trend in the short term.

3、 Future forecast

The cyclohexane analyst from Shengyi Society believes that currently, the cyclohexane supply side is relatively sufficient, downstream demand is limited, and the overall market is mainly focused on essential procurement. The mentality of the industry is still weak and the current profit situation is not optimistic. The industry lacks confidence in the future market, and the driving force for price increases is insufficient. It is expected that the cyclohexane market will maintain its current trend in the short term, with stable and weak operation as the main focus.