Review: The cyclohexanone market went up stably. The international benzene market fluctuated lower and the dealing prices for benzene in the Chinese market also went down. The production cost support to the cyclohexanone market became weak. However, the operating rate in the chemical fiber industry was high, and the supply of cyclohexanone was tight. Players were bullish about the market. Traders operated flexibly.
Up to September 14, the prices for cyclohexanone in Shandong were in the range of RMB 10,300-10,400/mt, up RMB 240/mt. The prices in East China were in the range of RMB 10,400-10,500/mt, which increased RMB 240/mt from last week.
Forecast: The international benzene will be weak and Sinopec will cut posted prices down by RMB 150/mt to RMB 6,250/mt. The production cost will weigh on the cyclohexanone market. The demand from caprolactam will be firm. It is predicted that the caprolactam market will show a stable-to-increasing trend.
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