① [Chempricehub] Sep 11: Although tensions in the Middle East persist, diplomatic efforts to mitigate risks have led to a decline in international crude oil prices. NYMEX WTI October contract closed at $100.05/bbl, down $2.43 (-2.37%); ICE Brent November contract closed at $104.61/bbl, down $3.02 (-2.81%). China INE crude oil futures September 2026 contract rose by 41.5 to 809.9 CNY/bbl, with night session rising by 40.2 to 850.1 CNY/bbl.
② Today’s domestic cyclohexanone capacity utilization rate is approximately 59.5%. The trend toward integrated production is well-established, with most plants co-producing caprolactam. Commodity supply remains stable, and downstream fiber orders are being placed as needed.
③ Sinopec refineries in East, South, and Central China raised pure benzene prices by 550 CNY/ton to 9,900 CNY/ton, effective September 10.
Table 1: Domestic Cyclohexanone Price Summary (Unit: CNY/ton)
| Market | Specification | Sep 11 | Sep 14 | Change | % Change |
|---|---|---|---|---|---|
| East China | Cyclohexanone | 10,750 | 10,750 | 0 | 0% |
| Data Source: Chempricehub |
Based on the East China market, today’s cyclohexanone reference price is 10,700–10,800 CNY/ton, unchanged from the previous trading day. Raw material pure benzene prices remain volatile at high levels, maintaining cost-side pressure. With stable spot supply of cyclohexanone, market prices are fluctuating under the influence of costs.
(Note: Figure 1 and Figure 2 descriptions omitted per instructions)
Today, cyclohexanone-caprolactam integration remains robust, ensuring stable commodity supply of cyclohexanone and consistent market availability.
(Note: Figure 3 and Figure 4 descriptions omitted per instructions)
Raw material pure benzene continues to trade at high levels, exerting significant cost pressure. While current cyclohexanone spot supply is stable, downstream buyers are cautious about chasing high prices. Short-term cyclohexanone market trends are expected to fluctuate in line with pure benzene.
Pure Benzene Market: Today, East China pure benzene prices opened high but softened, with mainstream transactions ranging from 9,680 to 9,930 CNY/ton, largely aligning with morning forecasts. Attacks on Saudi oil pipelines combined with tanker risks in the Strait of Hormuz drove up international crude oil prices significantly, providing strong cost-side support. This pushed spot transaction centers sharply higher, with holders showing reluctance to sell at lower prices. However, the main futures contract closed lower, with weak follow-through from far-month contracts due to long-position unwinding for risk avoidance. Market confidence in the sustainability of high prices is lacking. Although port inventories have slightly accumulated, they remain at low levels, keeping the spot market tight. Downstream procurement is primarily driven by rigid demand, with caution observed when purchasing at high prices.
Caprolactam: Today, East China caprolactam prices stood at 14,300 CNY/ton (delivered, acceptance-based), steady from the previous working day. Upstream pure benzene spot prices are fluctuating, while Sinopec’s listed pure benzene prices remain firm, sustaining cost support for caprolactam. Producers intend to continue raising prices, but specific quotes were not clearly defined early in the week; thus, the market remained in a wait-and-see mode today.
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