Cyclohexanone Quarterly Analysis and Outlook

In January, the price rose sharply: pure benzene was consolidated at a high level, and the cost support of cyclohexanone was relatively stable. Coupled with the abnormality of the cyclohexanone device supported by caprolactam enterprises and the stocking before the Spring Festival, the price of chemical fiber was concentrated and replenished. The price rose from 11,100 yuan/ton to 11,800 yuan/ton.

February first rose and then fell: crude oil rose during the Spring Festival holiday, driving Sinopec Group's pure benzene listing up by 400 yuan/ton, caprolactam listing up by 300 yuan/ton, the upstream and downstream formed a stable support, coupled with part of the cyclohexanone supply reduction, the market rose sharply, but in late February with the end point demand less than expected, caprolactam market turned around sharply, the price continued to decline, resulting in load reduction of some devices, and even some enterprises exported cyclohexanone, cyclohexanone market fell rapidly, the price from 11800 yuan/ton to 10900 yuan/ton;

Jumping up and down in March: Crude oil broke 100 to promote the price of pure benzene to rise strongly, but due to the reduction of production in the downstream chemical fiber market, the supply and demand side restricted the upward price, and then the crude oil rose and fell, coupled with the impact of the epidemic The logistics and transportation efficiency is low, and the market price of cyclohexanone rose from 10,900 yuan/ton to 11,400 yuan/ton and then went down to 11,000 yuan/ton.