Market Analysis - Monthly Report - September, 2020 - Cyclohexanone

I. Overall market analysis

This month, thedomestic cyclohexanone market showed a "V" trend. Since entering September, at the beginning of the month, another 100,000 tons of units inInner Mongolia Qinghua were put into production and shipped normally. Theon-site supply was sufficient. The raw material pure benzene was sorted out.The cost of cyclohexanone was stable. Compared with the price at the end of August, it was weak and stable. During the period, crude oil first fell andthen rose, and the price of raw material pure benzene rose slightly with theoutside market. And as the November holiday approached, the downstream chemicalfiber market concentrated on entering the market and just needed replenishment,and the willingness to accept the market increased. In addition, some manufacturers stopped for maintenance and closed down some of their installations. Domestic supply is tight, and factory prices have risen slightly.

Ⅱ. Conclusions

Looking at next month, the raw material pure benzene is mainly sorted by interval, and the cost of cyclohexanone is relatively stable. In terms of supply, the on-site supply is stable. After the holiday, the downstream chemical fiber market may enter the market and just need replenishment. Comprehensive considerations will support the cyclohexanonemarket to a certain extent. It is expected that domestic cyclohexanone will trade sideways in the first half of October. Mainly, with the decrease inchemical fiber transactions in the second half of the month, manufacturers maygive profit offers to promote shipments, and cyclohexanone may have downsiderisks.