Market Analysis - Monthly Report - May, 2020 - Cyclohexanone

Overall market analysis

This month, the domestic cyclohexanone market rose along the way. As countries actively reduced production and rebalanced the market affected by the epidemic, bullish sentiment continued to heat up and crude oil fluctuated upwards, bringing benefits. The price of the raw material pure benzene Sinopec was adjusted 5 times this month. Five times of upward adjustments, Sinopec's pure benzene listing price increase boosted the market sentiment, the cyclohexanone market followed the rise. At this stage, the downstream chemical fiber and solvent inquiry was concentrated, and the number of stockists entering the market increased. For the hexanone plant, the operating rate of caprolactam has increased, chemical fiber orders have increased, and the market demand for solvents has been weak. Since the end of May, trading has been less heard. During the month, Fujian Dongxin, Fujian Tianchen, Chongqing Huafeng and Jining Bank of China have all started driving. In the market, the spot stock maintained a tight balance, coupled with the strong raw material pure benzene, the cost side has certain support, the market price is actively pushing up, and the trading atmosphere in the market is general.

Forecast of the Future Market

Conclusions

In June, as the epidemic situation in foreign countries improved, crude oil was raised, raw material benzene was maintained, cyclohexanone factory inventories were low, and downstream caprolactam started to maintain, but since the end of May, the market demand for solvents has been weak, trading has been little heard, and comprehensive In view of this, the cyclohexanone market will be more difficult to rise in the next cycle.