This week, the price of plasticizer DOP has stopped falling and rebounded

According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the DOP price was 7759.16 yuan/ton, which first fell and then rose compared to the DOP price of 7759.16 yuan/ton on August 15th. This week, the operating load of DOP enterprises has slightly decreased, the production of plasticizers has remained stable, and downstream demand is unlikely to improve. The intention of DOP procurement inquiries is flat, and the improvement in DOP demand transactions is limited. The price of raw material isooctanol fluctuated and fell, the price of phthalic anhydride fluctuated and rose, and the cost support of plasticizers slowed down. The stable supply has led to a decrease in costs, and the price of plasticizers has stopped falling and stabilized this week.
This week, the price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the price of isooctanol was 7316.67 yuan/ton, a fluctuating decrease of 0.81% compared to the price of 7376.67 yuan/ton on August 15th. The production of isooctanol equipment resumed in August, and the operating rate of isooctanol equipment increased to 92% this week. In addition, with the addition of new production capacity and increased supply of isooctanol, the price of isooctanol fluctuated and fell this week; The cost of plasticizers has decreased, and the downward pressure on DOP has increased.
This week, the price of raw material phthalic anhydride has stopped falling and risen
According to the Commodity Market Analysis System of Shengyi Society, as of August 25th, the price of phthalic anhydride in neighboring countries was 6333.33 yuan/ton, which first decreased and then increased compared to the price of 6300 yuan/ton on August 15th, with an increase of 0.53%; Compared to the price of 6233.33 yuan/ton quoted on August 20th, the price of ortho benzene has fluctuated and increased by 1.60%. The price of ortho benzene is stabilizing, the price of industrial naphthalene is rising, the cost of phthalic anhydride is increasing, the operating rate of phthalic anhydride equipment is consolidating at a low level, and the cost increase combined with weak supply and demand has led to a rebound in phthalic anhydride prices this week. The price of raw material phthalic anhydride has risen, and the cost of plasticizers has increased. This week, the downward pressure on the price of plasticizer DOP has weakened.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, while the price of phthalic anhydride has rebounded and risen, and the cost of plasticizer DOP has stopped falling; On the supply side, the operating capacity of plasticizer enterprises has slightly decreased, the production of plasticizers has remained stable, and the supply of plasticizers is sufficient; In terms of demand, the overall economy is sluggish, coupled with anti competition and the elimination of outdated production capacity, resulting in weak downstream demand. Overall, the weak supply and demand, coupled with the stabilization of costs, are expected to lead to a consolidation of the price of plasticizer DOP in the future.