Cyclohexanone monthly report for April 2020

1. 1.Overall market analysis

This month, the Cyclohexanone market rose after bottoming out, crude oil rebounded, Sinopec's pure benzene listing price increased, and the Cyclohexanone market followed the rise. At this stage, the downstream chemical fiber and solvent demand increased. The downstream caprolactam is basically equipped with a cyclohexanone device. The starting load is not high, the solvent just needs to be slightly increased.

The inventory pressure of production enterprises has eased, and inventory can be transferred to the demand side and social inventory. The supply operating rate has declined. The market adjusted downward after rising in the middle of the month, but the decline was small, and foreign demand increased.

2.Forecast of the Future Market

3.Conclusions

Looking at the next month, due to the expected increase in crude oil recovery, the probability of pure benzene rebounding in the first half of the year is relatively large, and the supply pressure is general.

The cyclohexanone market may ease upside in May.