环己酮市场或窄幅下调

Core Viewpoint - The cyclohexanone market has experienced a price increase followed by a decline, influenced by U.S.-China tariff policies and seasonal demand fluctuations [1] Group 1: Price Trends - Cyclohexanone prices in the East China market rose by 500 yuan per ton to 7550 yuan by May 15, but began to decline after May 23, stabilizing at 7500 yuan by May 28 [1] - Analysts predict that cyclohexanone prices will fluctuate within the range of 7200 to 7500 yuan in the short term due to weakened demand and cost support [1][4] Group 2: Cost Support Weakening - The price of pure benzene, a key raw material for cyclohexanone, increased significantly but has started to weaken due to insufficient downstream demand [2] - As of May 27, the price of pure benzene in East China was reduced to 5950 yuan, indicating a decline in cost support for cyclohexanone [2] Group 3: Supply Expectations - There is an anticipated increase in cyclohexanone supply as previously shut down production capacities are coming back online, with a total of 20,000 tons expected to enter the market [5] - The overall production capacity utilization rate for cyclohexanone was stable at 68% as of May 28, reflecting a slight increase from the previous week [6] Group 4: Demand Dynamics - Downstream users are showing reluctance to purchase high-priced cyclohexanone, leading to cautious procurement strategies focused on just-in-time inventory [4] - The production utilization rates for downstream caprolactam facilities are low, further contributing to the weak demand for cyclohexanone [4]