Market Analysis - Monthly Report - October, 2020 - Cyclohexanone

I. Overall marketanalysis

The cyclohexanone market as a whole rose in October and fell in a narrow range at the end of the month. At the beginning of the month, the factory equipment was normal and the on-site supply was sufficient. The raw material pure benzene price dropped slightly from the end of the previous month, but it still supported the cost of cyclohexanone. The cyclohexanone market continued its price at the end of September, temporarily operating stably; mid-month, upstream The price of purebenzene continued to rise, the downstream chemical fiber market was stable, and the price of cyclohexanone plants was adjusted upwards, and traders’quotations followed the market. The trading atmosphere in the China market was fair; as of the end of the month, the price of upstream pure benzene had fallen, and the downstream chemical fiber market had high prices. The raw materials are resisted, the purchasing atmosphere is deserted, and the manufacturers are under heavy shipping pressure. They try to make profitable shipments. The solvent market maintains a light operation. The cyclohexanone market is not rising, and the price at the end of the month is falling within an arrow range.

Ⅱ. Conclusions

Looking at next month, in terms of raw materials, the pure benzene market is expected to be relatively strong, and the cost of cyclohexanone is expected to be strong. In terms of supply, Shanxi Lanhua is going to shut down on November 7 for maintenance. It is expected that the equipment of other manufacturers will be operating normally. Adequate supply; In terms of demand, the downstream chemical fiber market has insufficient demand and the purchasing atmosphere is deserted. According to a comprehensive analysis of Zhongyu Information, it is expected that in the firsthalf of November, under the positive influence of upstream pure benzene,cyclohexanone will be mainly arranged sideways. In the second half of the month, affected by downstream demand, manufacturers may let the profit offer to promote shipments. There may be downside risks, and the specific trend still needs to pay attention to the changes in supply and demand, the cost and the dynamics of the equipment.