The average price of formaldehyde in Shandong Province on July 7 was 863.33 yuan / ton, while that on August 8 was 866.67 yuan / ton, an increase of 0.39%. The current price was down 0.76% month on month, and the current price was 24.42% lower than last year.

Recently, the domestic market price of formaldehyde has risen slightly. As of July 8, the mainstream factory quotation in Central China is about 950 yuan / ton, that of mainstream manufacturers in North China is 750 yuan / ton, and that in East China is 890 yuan / ton. Linyi Jinyuan Chemical has two formaldehyde production lines with an annual production capacity of 80000 tons, formaldehyde content of 37% and load of 50%. Recently, the market of formaldehyde in Shandong has risen slightly. The start-up of formaldehyde enterprises is basically stable, the market supply is fair, and the trading atmosphere is general, and the formaldehyde market is rising slightly.

Upstream methanol situation: the methanol market shows regional differences. Some units in Northwest China are shut down for maintenance, and some upstream factories are reluctant to sell. In addition, methanol futures prices are rising, and manufacturers actively push up the price. In terms of inventory, the port and inland inventory accumulated again this week, and the import volume remained at the level of 1 million tons in the later stage. It was hopeless to go to the warehouse in the short term, and the high inventory continued to suppress the methanol price; the demand side was mainly stable, and it was difficult to increase significantly in the short term. The overall high inventory impact maintenance is good, and the domestic methanol market is in a volatile situation.

The downstream wood panel entered the traditional off-season, the terminal demand continued to shrink, the market trading atmosphere was relatively mild, the formaldehyde enterprise shipment was positive, the upstream strong pull up, the market rose slightly.

Recently, the upstream methanol price fluctuated upward, and under the cost support, formaldehyde enterprises passively pulled up. Therefore, the formaldehyde analysts of the chemical branch of the business agency predict that the domestic formaldehyde price will mainly rise in the near future.

1、 Price data:

According to the data monitoring of the bulk list of business associations, the price of bromine in Shandong continued to be weak. As of July 8, the average price of bromine in Shandong was about 26555 yuan / ton, a decrease of 1.24% compared with the beginning of the month, and a sharp drop of 17.75% compared with the same period last year.

2、 Cause analysis

Products: Recently, some enterprises in Shandong Province have stopped their equipment, and some enterprises in Shandong Province have shut down, resulting in a decline in the spot supply in the market. The enterprise’s inventory pressure is not big, which has a certain positive support for the bromine price. However, the downstream demand is flat, which has not fundamentally changed the situation of oversupply in the industry. At present, mainstream bromine enterprises offer about 26000-27000 yuan / ton.

Industrial chain: the sulfur market is running stably, the supply of enterprises is stable, the operators operate cautiously, and the trading is relatively flat, at present, it is about 653 yuan / ton; the sulfuric acid market is in shock and adjustment, some sulfuric acid manufacturers are under operating, the load is reduced, the sulfuric acid supply is tight, and the downstream purchasing enthusiasm is general, at present, about 412 yuan / ton; the domestic soda ash market is weak, the market atmosphere is light, and the downstream market needs Poor recovery, enterprise inventory pressure, active shipment, at present about 1256 yuan / ton. The main downstream flame retardant market of bromine is running at a low negative rate, and the demand for bromine is relatively light. Most enterprises mainly ship in stock, and lack of support for bromine price. The pharmaceutical and pesticide intermediates and other industries start to operate smoothly. They are obviously bearish on bromine and are cautious in overall trading.

3、 Future forecast

Analysts of the bromine industry of the business society believe that due to the poor demand of the downstream market, the expected decline of bromine supply has not led to the reversal of the situation of oversupply in the industry. The contradiction between supply and demand is still obvious, and it is expected to remain weak in a short period of time.

According to the data monitoring of the business agency, as of July 7, the average ex factory price of domestic butanone market was 6966.67 yuan / ton. Compared with the price on July 1, the average price decreased by 67 yuan / ton, or 0.95%; compared with the price on June 1, the price increased by 733 yuan / ton, an increase of 11.76%, and the maximum amplitude from June 1 to July 7 was 40.64%.

In July, the butanone market was weak and stable, but fell a few days later

In June, the butanone market experienced a sharp rise, but the market demand could not be followed up after the price skyrocketed. Since the end of June, the market price of butanone began to decline gradually. By the end of June, the market price dropped to the equilibrium point and basically maintained stable operation.

In July, the overall butanone market remained stable for the time being, the market was weak, the inquiry atmosphere remained cold, the support of downstream demand was limited, the factory inventory pressure was large, the operators were more cautious, and the just in demand delivery was limited. As of July 7, the offer of butanone in some regions dropped slightly by 100-200 yuan / ton. According to the data monitoring of the business agency, the reference price of butanone factory quotation was 6966.67 yuan / ton, with an average price of 67 yuan / ton or 0.95% lower than that on July 1. Compared with the highest price in half a year (the market reference quotation of 8766.67 yuan / ton on June 12), it decreased by 1800 yuan / ton, or 20.53%, compared with the price of 6.6% Compared with the market price on January 1, the price increased by 733 yuan / ton, or 11.76%. At present, the butanone market in South China has been stable for the time being, with the reference ex factory price of butanone at 7050-7150 yuan / ton; the butanone market in East China has fallen, with the reference price of butanone at 7000-7050 yuan / ton; compared with the end of last week (3 days), it has dropped by 100 yuan / ton; the butanone market in North China has fallen by 6700-6750 yuan / ton; compared with last weekend (3 days), it has dropped by 100 yuan / ton.

In terms of supply and demand, since the beginning of July, the overhaul of butanone plants has increased gradually, and the inventory pressure of the plant has decreased since this week. So far, the improvement of downstream demand side is not obvious, and the overall market atmosphere is limited.

On the upstream side, in June, the LPG civil market was adjusted for many times, with a small overall rise. In July, the market was stable and fell slightly, with the average price falling by 10-30 yuan / ton. As of July 7, the reference price of liquefied gas was 2750 yuan / ton, which was 0.36% lower than that on July 1 (2760.00). At present, the price of liquefied gas in North China is temporarily stable, and the quoted price of Civil liquefied gas of Luoyang Petrochemical Company is 2600 yuan / ton (excluding packaging). The LPG market in Shandong remains stable, and some refineries have reduced their prices slightly. At present, the reference quotation of civil LPG of Qingdao refinery is 2650 yuan / ton, and that of Jinan refinery is 2850 yuan / ton..

According to the current market situation of butanone, it is expected that the butanone market will maintain a low level in the near future. However, it is heard that the butanone inventory is mainly in the secondary market. Therefore, in recent days, due to the low inventory of their own and low butanone parking operation rate of many factories, the dealers want to increase the ex factory quotation of butanone. I wonder whether the future market may drive the overall market of butanone higher and the specific trend We still need to pay more attention to the relationship between supply and demand.

On July 7, the price of silicon metal (441) stopped falling and stabilized. According to the data of business agency, on July 7, the average market price of domestic silicon metal (441) was 10500 yuan / ton, an increase of 0.08% compared with the average market price of 10491.67 yuan / ton at the beginning of the month (7.1); compared with the average market price of 11833.33 yuan / ton at the beginning of the month, the decrease was 11.27%.

The price of 441 silicon is as follows:

The price range of silicon metal in Fujian is 10100-10200 yuan / ton, that in Sichuan is 10300-10400 yuan / ton, that in Kunming is 10100-10200 yuan / ton, that in Shanghai is 11000-11200 yuan / ton, that in Tianjin port is 10700-10800 yuan / ton, and that in Huangpu port is 10400-10600 yuan / ton 。

Production capacity in some areas is slightly reduced

It is reported that affected by electricity price factors, the metal silicon operating rate in Fujian Province has moved down significantly. At present, the price of silicon metal is low, and the preferential electricity price is due at the end of June, and the electricity price rises by nearly 0.1 yuan / kW to 0.56 yuan / kWh. The production cost of silicon metal is relatively high. In the market environment of difficult shipment and profit squeeze, the number of silicon plants in Fujian Province is sharply reduced.

Social inventory is relatively stable

At present, the social inventory of metal silicon is relatively stable. There are about 46000-48000 tons in Huangpu, Tianjin and Kunming. There is no obvious stock in port warehouse. The quantity of import and export is basically dynamic balance, and traders are not willing to stock up.

Exports are still poor

According to the customs data, in May 2020, the export volume of silicon metal was 31000 tons, a decrease of 36.2% on a month on month basis and a decrease of 53.6% on a year-on-year basis. Since March, the export volume of silicon metal has continued to decline, with 82000 tons in March and 49000 tons in April. The export volume in May was 31000 tons, which was the lowest in a single month in recent eight years.

In the future market, the main task is to maintain stability

At present, the supply and demand is stable, and the weak export situation is expected to gradually improve. Based on the short-term downward movement of silicon metal price in the early stage and the consideration of cost factors, manufacturers have strong willingness to support prices. It is expected that the metal silicon will maintain stable operation in the near future.

According to the monitoring of the business agency, LLDPE, LDPE and HDPE in East China showed an obvious upward trend in June. Among them, the trend of LLDPE in East China was twists and turns, while the trend of LDPE and HDPE was continuously rising. The overall trading atmosphere of the market in June was good. The rising range of the three major PE varieties was 250-900 yuan / T. among them, LDPE in East China was the most prominent, with a monthly increase of 8.09%.

Average price range of regional varieties and specifications on June 1 to June 30

East China LLDPE 7042 6750.00 yuan / ton 6933.33 yuan / ton + 2.72%

LDPE 2426h 7725.00 yuan / ton ￥ 8350.00 yuan / ton + 8.09% in East China

In East China, HDPE 5000S 7216.67 yuan / ton: 7783.33 yuan / ton + 7.85%

In June, the price of polyethylene market rose mainly, with an increase range of 250-900 yuan / ton. The main reasons for the increase are as follows: 1. The maintenance volume increased this month, and the market supply decreased. Some units of Maoming Petrochemical, Lanzhou Petrochemical, Fujian united and Dushanzi Petrochemical were shut down for maintenance, which brought benefits to local areas. According to the data, in June, the domestic polyethylene plant lost nearly 280000 tons due to maintenance; 2. The international oil price showed an upward trend, which was beneficial to the market mentality, and the raw material ethylene followed the rise, which brought obvious support to the PE market in terms of cost; 3. The strong performance of Liansu futures boosted the market mentality. However, affected by seasonal factors, the operating rate of agricultural film is about 15%, and the demand for plastic film is low season, the demand for greenhouse film is flat, and the terminal demand is general. However, on the whole, there were many positive factors in June. The petrochemical enterprises continuously raised the ex factory prices, and the merchants’ mentality was better. Most of them went with the market, and the prices were pushed up.

Raw material ethylene market continued to rise in June, with an increase of 24.98%, which brought favorable support to the polyethylene market. As of July 26, CFR closed at $845-855 per ton in Northeast Asia and $785-795 in South East Asia. European ethylene market price rose, as of the 26th, the European ethylene market price was FD, northwest Europe closed at 720-730 US dollars / ton, CIF northwest Europe closed at 675-683 US dollars / ton. The price of ethylene in the U.S. rose to 275-293 U.S. dollars / ton as of the 26th. Generally speaking, the ethylene market in Europe and the United States is mainly on the rise. The demand of the whole ethylene market is better, and the trading atmosphere is active, and the rise is relatively sufficient.

At present, downstream factories are against high prices, and their mentality is more cautious. However, the maintenance season is not over, and some manufacturers’ equipment maintenance has brought support to local areas. The downstream gradually returned to work and production, the operating rate increased significantly compared with the previous period, and the market demand showed signs of recovery. Internationally, the trend of crude oil and ethylene is better, with some support in terms of cost, and the positive is greater than the negative. It is expected that the polyethylene market may still rise in July.

1、 Price trend

According to the business club’s large list data, the average ex factory price of powdered monoammonium on April 1 was 2083 yuan / ton, and that on June 30 was 1866 yuan / ton. The overall price of powdered monoammonium phosphate fell by 10.40% in the second quarter. The lowest price in the quarter was 1856 yuan / ton, and the highest price was 2083 yuan / ton.

According to the business club’s large list data, the average ex factory price of 64% diammonium on April 1 was 2225 yuan / ton, and that on June 30 was 2145 yuan / ton. The overall price of diammonium phosphate fell by 3.58% in the second quarter. In the quarter, the lowest price is 2145 yuan / ton, and the highest price is 2225 yuan / ton.

2、 Market analysis

Due to poor demand, monoammonium phosphate fell sharply in the second quarter. In April, the raw material market of ammonium phosphate was not good, and the downstream demand decreased, resulting in the continuous downturn of ammonium phosphate trend. Monoammonium phosphate turned into off season, and the trading volume decreased. The market of ammonium phosphate raw materials rose and fell in May, and the demand for downstream compound fertilizer was insufficient. Monoammonium phosphate received some orders in advance, and the inventory pressure decreased. In June, the market of ammonium phosphate raw materials rose, and the demand for downstream compound fertilizer was still weak. The amount of pre-sale orders of monoammonium phosphate was large, and the price increased slightly. Monoammonium phosphate industry is more optimistic, but the downstream compound fertilizer follow-up is insufficient, against high prices. In Anhui Province, 55% powdered ammonium was quoted at 1900-1950 yuan / T, and the start-up was stable. In Hubei Province, the ex factory quotation of 55% powdered ammonium is about 1850-1950 yuan / ton, and that of 60% powdered ammonium is 2000-2100 yuan / ton. The market in Henan maintained stable operation, 55% powdered ammonium was quoted at about 1950 yuan / T, and the start-up was stable. The price of 55% powdered ammonium in Shandong Province is 1850-1950 yuan / ton, and the price is stable. The factory quotation of 55% powdered ammonium in Sichuan is about 1950 yuan / ton.

Due to fierce export competition, diammonium phosphate market fell in the second quarter. In April, domestic demand for diammonium phosphate decreased and gradually turned to export, with lower price. In May, the domestic demand for diammonium phosphate decreased, and the supply decreased, resulting in fierce export competition. Domestic demand for diammonium phosphate did not improve in June, and most of them were sold on demand. The mainstream factory quotation of 64% diammonium in Hubei Province is 2150-2250 yuan / ton, that in Shandong Province is 2200-2300 yuan / ton, that in Yunnan Guizhou area is 2300-2400 yuan / ton, and that in Anhui Province is 2200-2350 yuan / ton. In Gansu Province, 64% DAP mainstream factory quotation is 2250-2400 yuan / T. The quotation of 64% diammonium at the first arrival station in Heilongjiang Province is about 2400 yuan / ton.

In April, the market of raw material phosphate ore continued to operate stably, and the market remained stable. There was no fluctuation in the market as a whole. The factory continued to supply old orders, and the increment of new orders was still small. The trend of downstream compound fertilizer enterprises is low, and the transaction focus continues to fall. The domestic market of raw material sulfur is stable and upward, and the price of sulfur at port rises. However, there is no large deal in the market. The shippers in Hong Kong are not in a hurry to ship, and the buyers follow the market. The quotation of domestic refineries is slightly adjusted. In May, the overall weakness of phosphate ore market was downward, the market was weak and the downstream support was insufficient. Downstream compound fertilizer enterprise market is not clear, weak operation, prices fell slightly. Compound fertilizer enterprises are cautious in purchasing raw material ammonium phosphate, reducing demand and increasing equipment maintenance. In June, the overall market of phosphate ore in China is weak, and the market in many regions is weak and stable. With the arrival of the traditional off-season, the downstream purchasing enthusiasm is not high. Domestic sulfur inventory is low and supply is reduced.

3、 Future forecast

Ammonium phosphate analysts of business club believe that in the off-season of phosphate fertilizer in the second quarter, the market of raw materials for ammonium phosphate is not good, and the demand for downstream compound fertilizer is weakened, and there is no good support, resulting in a sharp drop in the price of ammonium phosphate. It is expected that the market of ammonium phosphate will slightly improve in the third quarter, and the market trend will be stable. It is suggested to pay attention to the introduction of fertilizer policy in autumn.

According to the price monitoring of the business agency, the domestic aggregated MDI market continued to be in a stalemate. At the beginning of the week, the average price of domestic aggregated MDI market was 12175 yuan / ton, which was 1.02% lower than the same period last month and 2.01% lower than that of the same period last year.

This week, the aggregate MDI market stalemate range consolidation, the negotiation price volatility is small. At the beginning of the month, the spot delivery of the factory was slow, the low price was rarely heard, and the operators were cautious in trading. The main factories successively announced the listing prices in July, which were all stable; the weekly guidance price of Koster was stable without assessment; the response of the industry to the news was relatively mild. On July 1, Wanhua Yantai plant began to be overhauled for about 45 days. The overall atmosphere of the distribution trade market is quiet, and the mainstream agents are limited by the cost of manufacturers, and their quotations are mostly stable and cautious in shipping; the middlemen mainly keep shipping.

Raw materials, pure benzene: Shandong pure benzene market continued to decline. After the festival, the local refineries kept prices stable, but the overall inventory was on the high side. With the increase of port inventory in East China, the pressure of pure benzene cash withdrawal price is high, which leads to the strong bearish mentality of downstream and no traders, and they are cautious to watch the market. Local refining delivery is not smooth, the price is down.

Aniline: aniline market fell during the week. From the aspect of raw materials, Sinopec’s listing of pure benzene was lowered to 3100 yuan / ton, and the average bidding price of Jinling pure benzene was 3050 yuan / ton. The raw material side fell sharply and the aniline cost support weakened.

On the downstream side, according to the price monitoring of the business agency, the domestic spandex market showed a slight decline trend in June. As of June 30, the average price of spandex 40d specification was 31500 yuan / ton, down 1.25% from the beginning of the month and 3.08% lower than that at the beginning of the month. At the same time, it is also at a low level in recent three years, down 19.44% from June 30, 2017.

There are many low-cost sources of goods, and the trade market is slightly pessimistic. Analysts predict that the domestic aggregate MDI market will be mainly in the short term.

Since mid June, due to the negative impact of cost, the bisphenol a market stopped rising and operated smoothly, and then the market began to decline. According to the monitoring of business agency, the average offer of bisphenol a market on June 9 was 12450 yuan / ton, while that on July 6 was 10760 yuan / ton, a cumulative decline of 13.57%. The decline was obvious in July, with a decrease of 7% in just a few trading days. Up to now, the negotiation of bisphenol market in East China is about 10600 yuan / ton, and there are few downstream inquiries. The transaction situation is even worse. The mentality is seriously frustrated, and it is hard to say that it is good in the short term.

From the perspective of raw materials, since the middle of June, the overall cost of phenol and acetone has stopped rising and has turned downward. Especially after two months of sharp rise in acetone, traders are eager to make profits and ship, and their offer has been greatly reduced. So far, the offer of acetone mainstream in East China has decreased by 26%. At present, the East China market negotiation of raw material acetone is below 9000 yuan / T, and other mainstream regions are not impacted by the East China market Breaking down, the negotiation space is 9200-9600 yuan / ton, the market transaction performance is poor, and the enthusiasm of terminal purchase inquiry needs to be improved. According to statistics, since July 6, the volume of acetone in East China is relatively large, mainly from Saudi Arabia and Taiwan. In the short term, acetone will continue to decline in the short term, with talks on acetone at 8800-9000 yuan / ton.

Market trend of acetone in East China in recent month

The main raw material phenol market has been declining since the middle of June. On June 9, the national phenol Market offered yuan / ton, and on July 6, the national phenol Market offered yuan / ton, with an overall decline of 17.51%. As of July 6, the offer of phenol in East China was at 6000 yuan / ton, and the center of gravity in South China fell again to 6050 yuan / ton. The supply of goods around Yanshan was still tight, and the market was weak and stable at 6600-6700 yuan / ton. In Shandong, the price was narrow and low, with an offer of about 6350 yuan / ton. In July, the two mainstream factories in East China were overhauled, and the port inventory was low in terms of historical port inventory. However, it was difficult to change the weak operation situation of the market. In the opening of this week, Yangzhou Shiyou device resumed to restart, the supply pressure increased, the market went down again, the downstream terminal buying was depressed, and the on-site inquiry was rare. Under the situation of sudden increase of supply pressure, many traders gave in At present, the guiding price of domestic petrochemical plants is 6900 yuan / ton, and the market situation is serious. We should pay attention to the price adjustment situation of manufacturers in the near future. In addition, the actual market volume has also attracted much attention. Under the situation of obvious shortage of transactions in the market, the short-term phenol market pressure will not be reduced, and the business community is expected to offer phenol at 5950-6000 yuan / ton.

National market trend of phenol in recent month

The downstream liquid epoxy resin is in a downturn, and the market reference price of liquid epoxy resin is 18000 yuan / ton. The terminal wind power industry develops generally, and the overall operating rate of the enterprise runs smoothly. In the short term, the epoxy resin industry is hard to say good, the market turnover is insufficient, and the trading needs to be improved.

In the view of business associations, on the one hand, subject to the sluggish terminal demand market, the bearish mentality of the cargo holders is serious, and the market focus is constantly frustrated. On the other hand, supported by the favorable cost in the early stage, the current cost has also been seriously frustrated. The bad news under the industrial chain has been filled, and the market mentality has been seriously frustrated. The Business Association expects that the short-term bisphenol a market will continue to decline, and the quotation reference of East China market is 10400-10500 yuan / ton.

1、 Trend analysis

According to the nickel price monitoring of the business agency, on July 6, the spot nickel price was 105083.33 yuan / ton, up 0.35% compared with the previous trading day, 7.61% lower than that at the beginning of the year, and 5.88% higher than that at the beginning of the year. Shanghai nickel opened at 106030 yuan, and then the price fluctuated and strengthened, closing at 107100 yuan, up 1.20%. LME3 nickel closed at US $13230, up 1.97%.

2、 Market analysis

According to mining week, S & P global, a rating and research agency, said industrial metals prices have risen since the global blockade of covid-19 was relaxed, the economy reopened, and monetary stimulus from banks and governments. At present, nickel ore prices are still strong, and Philippine supply is not as expected. London Metal Exchange (LME) 2-day lunni inventory was 234264 metric tons, 48 tons lower than the previous trading day. However, lunni’s stocks rose slightly last week, with total weekly stocks up 294 tonnes to 234264 tonnes, up 0.13% for the week. Domestic Shanghai nickel inventory increased 431 tons to 29422 tons last week, an increase of 1.49%, to a three and a half month high. Domestic and foreign nickel inventories showed an upward trend, indicating a decline in market demand.

3、 Future prospects

Aftermarket forecast: Although the impact of nickel ore supply supports nickel price, the downstream stainless steel demand is weak, and nickel inventory is high, and nickel price is expected to fluctuate mainly in the short term.

The domestic market of cyclohexanone is still going down. According to the monitoring data of business agency, the average price of domestic cyclohexanone producers was 6125 yuan / ton at the beginning of the week and 6066 yuan / ton at the weekend, with a decrease of 0.95% during the week. The price rose by 0.78% month on month compared with the same period last month and decreased by 22.88% compared with the same period last year.

The cyclohexanone market continued to weaken during the week. During the week, Sinopec’s listing of pure benzene was lowered by 400 yuan / ton to 3100 yuan / ton. The cost was not supported and cyclohexanone was normally supplied. However, the spot market of caprolactam continued to weaken, and the enthusiasm for outsourcing was also weak. During the week, little information was heard about chemical fiber trading, the factory and market shipment was blocked, and the actual orders continued to decline.

Raw materials, pure benzene: Shandong pure benzene market continued to decline this week. After the festival, the local refineries kept prices stable, but the overall inventory was on the high side. With the increase of port inventory in East China, the pressure of pure benzene cash withdrawal price is high, which leads to the strong bearish mentality of downstream and no traders, and they are cautious to watch the market. Local refining delivery is not smooth, the price is down.

Caprolactam: in the near future, caprolactam fundamentals are negative. On the one hand, due to the unsatisfactory control of foreign epidemic situation, the recovery of foreign trade orders of textile and clothing was not as expected, resulting in overstocking of finished products in various links of the textile industry, upward transmission of demand pressure, production reduction expectation in the industrial chain, and blocked delivery of polymerization and caprolactam.

Adipic acid: the domestic adipic acid market has a strong wait-and-see mood, and focuses on the guidance of factory hanging settlement information. The actual invoice price is rational, which is in line with the psychological expectations of the industry. After the Dragon Boat Festival, due to the influence of high inventory and spot demand, the listing of pure benzene main business was lowered to 3100 yuan / ton twice, which weakened the cost support and was negative for the middle and lower reaches of adipic acid.

In terms of cost, the price of East China will be driven by the bottom copy next week, and the price will have a small upward space. However, the downstream demand has not really increased, and the pressure of port arrival is increasing, so it is difficult to sustain the rise only by traders’ bottom copy. From the supply side, Yangquan Fengxi plant is planned to restart in the near future. Although Jiangsu Haili has plans to restart cyclohexanone, it is uncertain whether there is external sales. All units are in normal operation, and the spot supply is expected to increase. From the demand side, the price of phenol is still higher than that of cyclohexanone, and the preparation of cyclohexanone from phenol still has no advantage. It is expected that there is still demand for cyclohexanone and the demand for terminal market is not yet available The spot pressure of caprolactam may be further increased, and the overall recovery is not optimistic. The cyclohexanone analysts of the business agency predict that the cyclohexanone market will be weak, and pay attention to the external procurement of chemical fiber market.