① [Chempricehub] September 22: The U.S. and Iran are scheduled to hold talks, with the market anticipating a easing of geopolitical tensions, leading to a decline in international crude oil prices. NYMEX WTI October futures closed at $94.59/bbl, down $1.19/bbl (-1.24%); ICE Brent November futures closed at $99.25/bbl, down $1.09/bbl (-1.09%). China INE crude oil futures contract 2611 fell by 13.7 yuan to 717.1 yuan/bbl, while night session trading dropped by 22.3 yuan to 694.8 yuan/bbl.
② Today, the domestic cyclohexanone capacity utilization rate is approximately 59.7%. The integration trend between cyclohexanone and caprolactam has matured, with most plants producing both synchronously. Supply of commodity-grade cyclohexanone remains stable, and downstream chemical fiber orders are being fulfilled on an as-needed basis.
③ Sinopec refineries in East, South, and Central China have lowered pure benzene prices by 300 yuan/ton to 9,600 yuan/ton, effective from September 18.
Table 1: Domestic Cyclohexanone Price Summary (Unit: Yuan/ton)
| Market | Specification | Sep 22 | Sep 23 | Change | % Change |
|---|---|---|---|---|---|
| East China | Cyclohexanone | 10,475 | 10,550 | +75 | +0.72% |
Based on the East China market, today's reference price for cyclohexanone is 10,500–10,550 yuan/ton, an increase of 75 yuan/ton from the previous trading day, representing a rise of approximately 0.72%. Raw material pure benzene prices fluctuated, strengthening cost-side support. Suppliers reduced low-price offers, causing market prices to trend upward amid fluctuations.
Today, the integration between cyclohexanone and caprolactam production remains well-established. The supply of commodity-grade cyclohexanone is stable, ensuring consistent market availability.
With strengthening support from raw material pure benzene, moderate downstream demand, and ample spot supply of cyclohexanone, the short-term cyclohexanone market is expected to follow pure benzene trends in a consolidation phase.
Pure Benzene Market: On September 23, the negotiation center in the East China pure benzene spot market continued to shift upward, with transaction ranges at 9,820–10,060 yuan/ton, largely aligning with morning expectations. Holders of near-month paper positions at East China ports faced constraints from delivery deadlines, forcing concentrated restocking in the spot market and releasing bullish sentiment. However, incoming vessel cargoes are increasing, and northern supplies continue to fill gaps in the East China market via road transport. The near-month East China market reflects more virtual demand, with limited genuine procurement from downstream industries.
Caprolactam: Today, the East China caprolactam market price was 13,875 yuan/ton (acceptance term, delivered), a decrease of 275 yuan/ton from the previous working day. The caprolactam market supply structure has turned loose, and spot negotiations continue to trend lower.
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