SunSirs: The Cyclohexanone Market Was in the Process of Finishing and Waiting

　　Price trend

　　The raw material pure benzene market fluctuated and adjusted, and the quotations of cyclohexanone companies were mostly stable and wait-and-see. According to the monitoring data of SunSirs, as of August 10, the average domestic market price of cyclohexanone was 10,220 RMB/ton, the price fell 4.49% month-on-month and rose 78.26% year-on-year.

　　Analysis review

　　In terms of raw materials, in terms of pure benzene, Sinopec’s price of pure benzene was lowered by 150 RMB/ton to 7,550 RMB/ton, and all refineries under its subsidiaries was implemented uniformly from August 9. On the downstream side, Sinopec’s high-end CPL quotation was stable this week, at 14,700 RMB/ton.

　　Market outlook

　　Crude oil prices continued to fall, and Sinopec’s pure benzene listing was once again reduced by 150 RMB/ton to 7,550 RMB/ton. The market mentality is mainly bearish. Cyclohexanone analysts of SunSirs predict that the short-term cyclohexanone market may decline in a narrow range.