The price of plasticizer DOP fluctuated and fell this week

According to the Commodity Market Analysis System of the Business Society, as of June 2, the price of DOP was 9560 yuan/ton, a decrease of 3.69% compared to the price of 9925.83 yuan/ton on May 26. The prices of raw materials such as isooctanol and n-butanol have decreased, the cost of plasticizer DOP has decreased, and the downward pressure on plasticizers has increased, resulting in fluctuating prices of DOP.

The price of isooctanol fluctuated and fell this week

According to the Commodity Market Analysis System of Business Society, the price of isooctanol was 9080 yuan/ton on June 2, a decrease of 6.30% compared to 9690 yuan/ton on May 26. This week, the price of isooctanol has experienced a significant fluctuation and decline, with weak market trading performance. The pressure on the cost of plasticizer products has increased, and the price of plasticizer DOP has fluctuated and fallen.

The market of raw material phthalic anhydride fluctuates and falls

According to the market analysis system for phthalic anhydride products in the Business Society, as of June 2, the quotation for phthalic anhydride in neighboring countries was 7800 yuan/ton, a decrease of 2.19% compared to the price of 7975 yuan/ton on May 26. The operation of the phthalic anhydride plant is stable, the supply of phthalic anhydride is sufficient, and downstream demand for on-demand procurement is poor. This week, the price of phthalic anhydride fluctuated and fell. The cost of raw materials has decreased, and the pressure on the cost of plasticizers has increased.

Future expectations

Business Society plasticizer product data analysts believe that this week, the price of isooctanol has significantly decreased, the price of phthalic anhydride has fluctuated and fallen, the cost of plasticizer product DOP has decreased, and the downward pressure on plasticizer product DOP prices has increased. In the future, there is sufficient supply of isooctanol and phthalic anhydride, and the plasticizer DOP market is still weak. There is still downward pressure on isooctanol and phthalic anhydride, and the demand for plasticizers is still weak. The cost is weak, and the demand is weak. The plasticizer market is bearish, and the downward pressure on plasticizers is increasing. It is expected that the price of plasticizer DOP will fluctuate and fall.

Domestic boric acid prices fell first and then rose in May

According to the Commodity Market Analysis System of the Business Society, the price of boric acid first fell and then rose in May. As of May 31, the average price of domestic boric acid market was 7337.5 yuan/ton, an increase of 0.17% compared to the beginning of the month, but a decrease of 9.41% compared to the beginning of the year, which was 8100 yuan/ton.

Looking at the overall trend, the domestic boric acid market is still weak. The main reason is that downstream demand is average, while supply is relatively loose, coupled with a large supply of imported goods, leading to a downward trend in boric acid prices.

At present, the external quotation for imported goods is concentrated at 7000-8000 yuan/ton (the actual transaction price of different brands, specifications, and products is mainly negotiated).

The downward trend of boric acid prices remains unchanged in June

According to the Commodity Market Analysis System of Business Society, the average market price of boric acid in the past year is 8182.57 yuan/ton, and the current price is below the average level within one year. The current price is at a cyclical high of 9200 yuan/ton, down nearly 1900 yuan/ton, but there is still significant downward space compared to the 4600 yuan/ton in June 2021.

According to the probability of a change in trend in the big data of Business Society, since February 5, 2023, the 7-day moving average has crossed the 30-day moving average and started a downward trend. Currently, the two moving averages continue to decline in the same direction. On May 14, 2023, it is estimated that the probability of a change in operating situation (i.e. a 7-day moving average crossing the 30-day moving average) occurring within the next 7 days is 29.58%. Technically speaking, the probability of going down is greater than that of going up.

Boric acid analysts from Business Society believe that the market demand has been weak recently. Although it has stabilized in May, the demand is relatively weak and is expected to remain mainly empty in the future.