This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of December 12th, the price of DOP was 7150 yuan/ton, a fluctuating decrease of 0.82% compared to 7209.16 yuan/ton on December 5th. The price of isooctanol has fluctuated and fallen, while the cost of DOP has decreased; The operating load of plasticizer DOP enterprises has decreased, the operating rate has dropped to 62%, and the DOP production has decreased. The cost of DOP has decreased, coupled with a reduction in supply, causing the price of plasticizers to fall from high levels.
The production of plasticizer DOP manufacturers has decreased
This week, there has been an increase in maintenance for DOP manufacturers, resulting in a decrease in their operating load and a 62% operating rate. The DOP production this week is 28000 tons, which is temporarily stable compared to last week, but has decreased compared to last month. The DOP production has decreased, leading to a decrease in DOP supply and a weakening of the upward momentum for DOP.
The price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of December 12th, the price of isooctanol was 7033.33 yuan/ton, a decrease of 0.47% from the high of 7066.67 yuan/ton on December 5th. This week, the maintenance of isooctanol equipment in enterprises has decreased, and the operating load of isooctanol enterprises has slightly increased. The operating rate of isooctanol has increased to 75%, and the supply of isooctanol is sufficient; The price of propylene has risen strongly, and the cost support of isooctanol is significant; The supply of isooctanol is sufficient, coupled with cost support, and the driving force for the price increase of isooctanol still exists. The price of isooctanol has fluctuated and fallen, and the cost of plasticizers has decreased. The downward pressure on DOP still exists, and the upward support has weakened.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the high price of isooctanol has fallen, and the support for the increase in plasticizer DOP costs has weakened; In terms of supply, the operating rate of plasticizer enterprises is weak and stable, the production of plasticizers is stable, and the supply of plasticizers is sufficient. In the future, with cost reduction and limited supply and demand, it is expected that the price of plasticizer DOP will remain weak and consolidate.

This week, the domestic market price of anhydrous hydrogen fluoride remained stable. According to the analysis system of Shengyi Society, as of December 5th, the benchmark price of hydrofluoric acid in Shengyi Society was 12733.33 yuan/ton, an increase of 1.6% from the end of last month.
Raw material side: The sustained high price of sulfuric acid this week has led to increased cost pressure for hydrofluoric acid enterprises. The price of fluorite is running weakly and steadily, and overall the support on the raw material side is still acceptable. The anhydrous hydrogen fluoride market is maintaining stable operation. As of December 5th, the benchmark price of sulfuric acid in Shengyi Society was 985.00 yuan/ton, an increase of 1.81% compared to the beginning of this month (967.50 yuan/ton).
Demand side: Downstream demand side encounters traditional off-season, weak demand, insufficient overall consumption capacity, and mainly relies on on-demand procurement. Maintain a wait-and-see attitude and have low purchasing enthusiasm. Overall, the demand side has weak support for hydrogen fluoride, and it is expected that the hydrogen fluoride market will mainly operate weakly and steadily in the later stage.
Market forecast: The price of raw material fluorite remains stable, and the market price of sulfuric acid continues to operate at a high level. Cost pressures still exist, and coupled with the traditional off-season in the downstream, demand is weak, with rigid demand mainly being purchased. Overall, the downstream consumption capacity is insufficient. It is expected that the market for anhydrous hydrogen fluoride will mainly maintain stable operation in the later stage. More attention should be paid to changes in market supply and demand.

1、 Price trend

According to the monitoring of the commodity market analysis system of Shengyi Society, the market price of isopropanol has been falling all the way in November. On November 1st, the average price of isopropanol in China was 5675 yuan/ton, and on November 28th, the average price was 5433.33 yuan/ton, a decrease of 4.26% compared to the beginning of the month.
The market price of isopropanol fell in November. In the first half of the year, the trading atmosphere on the exchange was poor, and the downstream purchasing atmosphere was weak, with the focus of transactions shifting towards the low-end. The price of acetone, a raw material, has declined in the middle of the month, with average cost support and lack of confidence among traders, resulting in a downward shift in transaction focus. In the latter half of the month, the trading atmosphere on the exchange was light, with downstream demand dominating and intermediaries following the market trend, resulting in a narrow decline in the market. As of now, most of the isopropanol market prices in Shandong are around 5300-5500 yuan/ton; The majority of prices in the isopropanol market in Jiangsu are around 5350-5600 yuan/ton.
In terms of raw material acetone, the domestic acetone market fluctuated and fell in November. On November 1st, the average price of acetone was 4275 yuan/ton, and on November 28th, the average price was 4225 yuan/ton, with a price reduction of 1.17%. At present, the trading atmosphere on the market is average, and the mentality of holders is under pressure, resulting in fluctuating and declining offers.
In terms of raw material propylene, the domestic propylene market increased in November. On November 1st, the market average was 6058.25 yuan/ton, and on November 28th, the average price was 6180.75 yuan/ton, with a price increase of 2.02%. At present, the shipment of propylene production enterprises has slowed down, and buying is mostly wait-and-see. It is expected that the market will weaken and fluctuate.
3、 Future forecast
The isopropanol analyst from Business Society Chemical Branch believes that the isopropanol market price will decline in November. At present, the trading atmosphere in the isopropanol market is light, with primary demand and cautious observation. It is expected that in the short term, isopropanol will mainly fluctuate within a certain range, and more attention will be paid to the trend of the raw material market.

According to the monitoring of the commodity market analysis system of Shengyi Society, the 1 # tin ingot market in East China has risen this month (11.1-11.30), with an average market price of 284350 yuan/ton at the beginning of the month and 300610 yuan/ton at the end of the month, a monthly increase of 5.72%.

In November, tin prices showed an overall trend of strong volatility. After a brief period of fluctuation at the beginning of the month, the price opened a unilateral upward channel and gradually rose throughout the month.
On the raw material side, the resumption of production in the Wa State mining area of Myanmar is relatively slow, resulting in limited supply of imported ore; At the same time, Indonesia has strengthened its control over mineral exports, and its refined tin exports in October decreased by 53.89% compared to the same period last year, further exacerbating the tension on the raw material side. On a global scale, the supply growth of tin ore appears weak, while the main smelting regions in China have maintained a low overall operating rate due to insufficient ore supply and persistently low processing fees.
On the supply side, the operating rate of smelters in Yunnan, Jiangxi and other places has slightly increased compared to the previous period. However, due to limitations in raw material supply, the current output is still at a historically low level.
On the consumer side, traditional industries such as consumer electronics and home appliances still have sluggish orders, and downstream enterprises mostly purchase only according to their basic needs. The high prices of products further suppress the enthusiasm of downstream enterprises to receive goods. At the same time, the demand for emerging application fields such as AI servers, photovoltaic strips, and new energy vehicles is growing rapidly, and has become the main driving force for the tin market demand. However, at present, the driving force of these emerging fields on tin consumption is limited in scale and cannot fully offset the impact of the decline in demand in traditional fields. The overall demand is gradually recovering slowly.
On the inventory side, in November, there were signs of a rebound in global explicit inventory, with both domestic and foreign inventories showing a cumulative trend. Specifically, domestic social inventory increased by 1141 tons compared to last month, reaching a total of 7825 tons; Meanwhile, LME inventory also saw a slight increase, rebounding to 3160 tons. Overall, the global explicit inventory is about 11000 tons, an increase of 1500 tons compared to last month. Despite some growth, the current global explicit inventory remains at historically low levels, which provides some support for tin prices.
Overall, in November, tin prices showed a fluctuating upward trend due to supply constraints, demand structure adjustments, and macroeconomic policy support. However, the weak consumer market and continuous increase in inventory also suppressed the rise in tin prices to some extent. In the short term, it is expected that tin prices will continue to fluctuate.