At the beginning of April, in just one week, the market price of cyclohexanone jumped by 900 yuan/ton. There are many reasons for this jump. Whether the market outlook can continue to rise is concerned by the market.
Since March 30, the market price of cyclohexanone has rebounded sharply. The market price of cyclohexanone in East China has experienced three waves of increases from 9,450 yuan/ton. As of the close of April 7, the market price of cyclohexanone in East China has risen to 10,350 yuan/ton. . So let’s analyze the time nodes of the next three waves of price increases: the first wave, March 30, pulled up 200 yuan/ton. The reason is mainly due to the tight supply of goods on the market. Shandong Hualu Hengsheng’s daily output reduction; Chongqing Huafeng plant shut down for maintenance; Shanxi Yangmei Fengxi cyclohexanone plant shut down and maintenance news is implemented, market circulation supply is tightened, factory supply is reluctant to sell, and the price of cyclohexanone in East China market has increased by 200 yuan / Ton to 9,650 yuan / ton; the second wave, April 1, according to Zhuo Chuang Information, Sinopec sales of pure benzene listed prices increased by 150 yuan / ton, implementation of 6,500 yuan / ton, and Fengxi began to increase maintenance costs. Eastern China cyclohexanone rose by 300 yuan/ton to 9950; the third wave, on April 6, the listing price of Sinopec’s sales of pure benzene was raised again by 200 yuan/ton, and the implementation of 6,700 yuan/ton, the market tightness situation will not change, and the cost will help Push, the market price of cyclohexanone has risen again, and the market price of cyclohexanone in East China has risen by 400 yuan/ton to 10,350 yuan/ton. In terms of profit, the profit margin of cyclohexanone has also recovered following the price. In summary, the market price increase of cyclohexanone is on the one hand related to the support of the pure benzene market, and on the other hand, it is inseparable from the demand support of the chemical fiber market.
The main downstream caprolactam market of cyclohexanone was operating at a high level, and it continued to be stable at over 85%. The demand for raw materials was high. However, half of the main export factories of cyclohexanone were overhauled, and the supply of market circulation was tightened.
Looking at the market outlook, from the perspective of cost, the arrival of pure benzene at the main port is still limited. From the shipping report, the main port is still going to the warehouse. With the increase in maintenance and repairs in April, the industry’s starting load is expected to fall again. On the demand side, the start load of the styrene industry is expected to decrease, but after Sinochem Quanzhou and China Sea Shell are put into production, the overall demand has increased. Therefore, pure benzene is still in a tight balance, and attention needs to be paid to the impact of styrene trends on the market. From the supply side, the maintenance of Huafeng is expected to end in the near future, and the maintenance of the Yangmei Fengxi device is expected to last at least 20 days, and it is expected to resume full-load production after late May; the Hualu Hengsheng device is down-loaded and the recovery time is to be determined . In terms of demand, Shandong Haili’s second caprolactam plant is scheduled to start up on April 10 (supporting). Starting from April 15, Cangzhou Xuyang Chemical’s caprolactam is scheduled to be overhauled for about 10 days (supporting), and on April 20, Fujian Yongrong Technology , Nanjing Dongfang successively stopped for overhaul, and overhauled for 7 days and 40 days respectively. In addition, around April 20, Yangmei Fengxi is expected to start the low load to replenish the market supply. It is expected that the tight supply of cyclohexanone will continue at least until April 20 and begin to ease. Therefore, in summary, cyclohexanone The rising trend of market prices will remain at least until late April, and wait and see the impact of changes in the pure benzene market on cyclohexanone.
Post time: Apr-08-2021