The price of plasticizer DOP fluctuated and fell in September

According to the Commodity Market Analysis System of Shengyi Society, as of September 8th, the DOP price was 7517.50 yuan/ton, a fluctuating decrease of 0.94% compared to the DOP price of 7589.17 yuan/ton on September 1st. The prices of raw materials isooctanol and phthalic anhydride have fluctuated and fallen, leading to a decrease in DOP costs and increased downward pressure on DOP; In September, the start-up load of DOP enterprises stabilized, and the supply of DOP was sufficient; Downstream demand is difficult to improve, and there is a lack of interest in DOP procurement inquiries, resulting in limited improvement in DOP demand transactions. Supply increases, costs decrease, and plasticizer prices fluctuate and fall.
The price of raw material isooctanol fluctuated and fell in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 8th, the price of isooctanol was 7283.33 yuan/ton, a fluctuating decrease of 3.32% compared to the price of 7533.33 yuan/ton on August 1st. In September, the isooctanol enterprise’s equipment remained stable at a high level, with a 95% operating rate of isooctanol equipment. In addition, there was a significant increase in isooctanol production capacity, resulting in an increase in isooctanol supply; The operating load of downstream plasticizer enterprises is temporarily stable, and the demand support for isooctanol by plasticizers is limited. Due to increased supply and limited demand support, the price of isooctanol fluctuated and fell in September. The cost of plasticizers has decreased, and the downward pressure on DOP has increased.
The price of raw material phthalic anhydride fluctuated and fell in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 8th, the price of phthalic anhydride in neighboring countries was 6133.33 yuan/ton, a fluctuation of 2.65% compared to the price of 6300 yuan/ton on September 1st. In September, the price of phthalic anhydride rebounded and rose, while the price of industrial naphthalene stabilized. The cost support for phthalic anhydride increased, and the load of phthalic anhydride equipment stabilized in September. The operating rate of phthalic anhydride enterprises was 60%, and the supply of phthalic anhydride was stable. The operating load of downstream plasticizer enterprises’ equipment was temporarily stable, and the demand support for phthalic anhydride was limited. It is expected that the price of phthalic anhydride will rebound and rise in the future, the cost of plasticizers will stop falling, and the downward pressure on the price of plasticizer DOP will weaken.
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. The downward pressure on the cost of plasticizer DOP still exists; In terms of supply, the operating rate of plasticizer enterprises is consolidated, the production of plasticizers is 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. In the future, with strong supply and weak demand, coupled with the pressure of cost decline, it is expected that the price of plasticizer DOP will fluctuate and fall.