According to the Commodity Market Analysis System of Shengyishe, the domestic cyclohexanone market was weak in November. From November 1st to 29th, the average price of cyclohexanone in the domestic market dropped from 9462 yuan/ton to 9406 yuan/ton, a decrease of 0.59%, and the price decreased by 0.38% year-on-year.

At the beginning of the month, the raw material pure benzene experienced weak fluctuations, with stable cost support and stable spot supply of cyclohexanone. Downstream demand followed up, and the domestic cyclohexanone market operated steadily.

In the first half of the month, the spot price of raw material pure benzene fell, and Sinopec listed twice to lower it to 7750 yuan/ton, lacking cost support. The demand for downstream chemical fibers and solvents in the market is average, and they are mostly purchased on demand. Some production enterprises have restarted their facilities, and there is an expected increase in spot supply. The fundamentals of cyclohexanone are weak, and the trading center has fallen.

In mid month, the raw material pure benzene fluctuated and operated, with relatively stable cost support. Some downstream enterprises of caprolactam reduced production, and the product market rose, driving the cyclohexanone market. Other downstream demand is average, and the increase in cyclohexanone market is hindered by the high price of shipments in the market.

As the end of the month approaches, the raw material pure benzene is facing a weak consolidation. Sinopec pure benzene has been listed and lowered to 7550 yuan/ton, lacking cost support. The commodity volume of cyclohexanone is not high, but downstream demand is weak, and more purchases are made on demand. The domestic cyclohexanone market is experiencing a weak consolidation.

On the cost side, the domestic pure benzene market was operating weakly in November. As of November 29th, the benchmark price of pure benzene for Shengyishe was 7445.50 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 6.55 million tons, and the current operating load is about 60%, which is at a relatively low level. The short-term supply of cyclohexanone is influenced by favorable factors.

On the demand side, the domestic market for caprolactam saw a narrow increase in November, with cyclohexanone units mainly supporting downstream production of caprolactam. Caprolactam is one of the main downstream sources of cyclohexanone. Some companies may undergo maintenance or load reduction of caprolactam units, resulting in tight spot supply in the market and stable downstream demand. Supported by supply and demand, the market trend of caprolactam is improving. As of November 29th, the benchmark price of caprolactam for Shengyishe is 13250.00 yuan/ton. The demand for cyclohexanone is temporarily positive.

In the future market forecast, the raw material pure benzene will operate in a volatile manner, and the cost pressure will not decrease. The spot supply and demand of cyclohexanone are weak, and the cyclohexanone analyst from Business Society predicts that the domestic cyclohexanone market will mainly consolidate in the short term.

Overview of Boric Acid Market

According to the commodity market analysis system of Shengyishe, the price of boric acid moved down in November. As of November 28th, the average price of boric acid in the domestic market was 7462.50 yuan/ton, a decrease of 1.32% from the market average price at the beginning of the month, and a decrease of 7.87% from the market average price of 8100 yuan/ton at the beginning of the year. At present, domestic boric acid traders offer prices ranging from 7000 to 7800 yuan/ton (actual transaction prices for different brands, specifications, and products are mainly negotiated).

At present, the foreign quotation for imported goods is concentrated between 7800-8100 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated). According to the commodity market analysis system of Business Society, the average market price of imported boric acid is 7971.43 yuan/ton, a decrease of 2.45% compared to the average market price of 8171.43 yuan/ton at the beginning of the month.

According to the Commodity Market Analysis System of Business Society, the trend of polyaluminum chloride in China’s solid (industrial grade, content ≥ 28%) market was weak this week. On the 27th, the main price of polyaluminum chloride in the market was around 1760.00 yuan/ton, a decrease of 0.21% from the price of 1763.75 yuan/ton on the 13th. Water treatment enterprises in China’s main production areas have normal production, sufficient market inventory, downstream procurement on demand, stable raw material hydrochloric acid prices, and a consolidation of the polyaluminum chloride market.

Raw material hydrochloric acid: According to the commodity market analysis system of Business Society, the domestic hydrochloric acid market price remained stable this week, and as of November 27th, the domestic hydrochloric acid market price was 152.50 yuan/ton. The upstream liquid chlorine market has recently seen a slight increase, with good cost support. The downstream ammonium chloride market is consolidating at a low level, and downstream purchasing willingness is weak.

Liquefied natural gas for production. According to the Commodity Market Analysis System of Business Society, the domestic liquefied natural gas prices have continued to rise this week. At present, the domestic cold air is coming, and the demand for downstream replenishment is increasing. Under the policy of adding upper limit gas supply, the market supply is shrinking, driving the continuous rise of liquid prices. In terms of sea and gas, prices at some receiving stations have slightly increased. It is expected that the domestic liquefied natural gas prices will be strong in the short term.

Market forecast: Raw material prices remain stable this week, while fuel liquefied natural gas prices rise. The cost of polyaluminum chloride supports an overall increase. On the supply side, Chinese polyaluminum chloride manufacturers are producing normally and have sufficient inventory; On the demand side, there has been no significant improvement in purchasing willingness, and stability is the main focus. Analysis suggests that the recent market for polyaluminum chloride may be dominated by consolidation.

According to the commodity analysis system of Business Society, the price of caustic soda has been consolidating this week. At the beginning of the week, the average market price in Shandong was 3673.33 yuan/ton, and on the weekend it was 3683.33 yuan/ton, with a price increase of 0.27% and a decrease of 23% compared to the same period last year.

Upstream caustic soda

According to the commodity analysis system of Business Society, the price of caustic soda has remained stable this week. The average market price in Shandong from the beginning of the week to the weekend was 836 yuan/ton, a decrease of 23.72% compared to the same period last year. This week, the overall price of caustic soda has remained stable with minor fluctuations, and the production of caustic soda has increased. Downstream purchases are still more on demand, and the purchasing enthusiasm is average.

Business Society analysts believe that the price of caustic soda has stabilized this week, and with the high prices, downstream market entry enthusiasm has become cautious. The supply-demand game, taking into account the short-term or sustained high level consolidation of caustic soda prices, depends specifically on downstream market demand.

Acetic anhydride prices fluctuated and fell this week

According to the Commodity Market Analysis System of the Business Society, as of November 23, the price of acetic anhydride was 5700 yuan/ton, a fluctuating decrease of 1.08% compared to the price of 5762.50 yuan/ton on November 16. Insufficient support for raw material prices has led to the resumption of production by acetic anhydride enterprises, and the price of acetic anhydride has fluctuated and fallen this week.

The equipment operating load of domestic acetic anhydride manufacturers has increased, and the overall inventory of acetic anhydride manufacturers remains low. The spot market supply of acetic anhydride is sufficient, and there is still downward pressure on acetic anhydride.

Acetic acid prices rebounded and rose this week

According to the market analysis system of acetic acid products in the Business Society, as of November 23, the price of acetic acid was 3175 yuan/ton, a slight increase of 0.79% compared to the price of 3150 yuan/ton on November 16. Some acetic acid enterprises have started or stopped production of equipment, while Guangxi acetic acid enterprises have started at low loads. Anhui acetic acid enterprises have shut down due to malfunctions, coupled with low inventory levels among manufacturers, resulting in a decrease in acetic acid supply and an increase in acetic acid prices. However, cost support for acetic anhydride still exists.

Future prospects

Analysts from Business Society’s Acetic Anhydride Data believe that the supply of acetic acid has decreased, the price of acetic acid has increased, and the cost support for acetic anhydride has increased; The operating load of acetic anhydride manufacturers has rebounded, and the supply of acetic anhydride has increased, resulting in significant downward pressure on acetic anhydride. In the future, with increased cost support and sufficient supply of acetic anhydride, it is expected that the price of acetic anhydride will fluctuate and rise in the future.