According to the Commodity Market Analysis System of Shengyishe, from December 1st to 8th, the average price of cyclohexanone in the domestic market dropped from 9406 yuan/ton to 9325 yuan/ton, a decrease of 0.86% during the cycle, with a month on month decrease of 0.47% and a year-on-year increase of 1.69%. The raw material pure benzene has been lowered, and Sinopec has listed a reduction to 6800 yuan/ton, lacking cost support. Downstream demand is weak, and the domestic cyclohexanone market is weak and downward, resulting in a lower focus on transactions.

On the cost side, raw material pure benzene: The pure benzene market has experienced a significant decline, while crude oil has continued to decline widely, suppressing a bearish market sentiment. As of December 8th, the benchmark price of pure benzene for Shengyishe is 6700.50 yuan/ton. In the cost composition of the traditional cyclohexanone process route, pure benzene accounts for 53%. The market trend of pure benzene directly affects the price trend of cyclohexanone, and the short-term cost of cyclohexanone is affected by negative factors.

On the supply side, according to the commodity market analysis system of Business Society, the domestic production capacity of cyclohexanone is about 7.14 million tons, and the current operating load is about 60%, which is at a relatively low level. The main production enterprises have limited product supply due to equipment maintenance. The weekly average operating load of cyclohexanone is 61.94%, which is -0.71% higher than last week. The weekly production is 93900 tons, which is+0.12 million tons compared to last week.

On the demand side, cyclohexanone units are mainly equipped with downstream production of caprolactam, which is one of the main downstream sources of cyclohexanone. The caprolactam market continues to decline, with upstream pure benzene prices continuing to weaken in recent times. The main listing has been continuously lowered, forming a negative impact on the cost side. Downstream polymerization factories lack confidence, and the pace of raw material procurement has slowed down. In addition, with some devices returning to normal, the tight supply situation in the early stage has been alleviated, and the market trading price center is gradually decreasing. The demand side for cyclohexanone is temporarily bearish.

In the future market forecast, the raw material pure benzene is weakly consolidated, with a lack of cost support, and downstream demand for cyclohexanone is empty. Business Society cyclohexanone analysts predict that the domestic cyclohexanone market will mainly operate weakly in the short term.