The price of plasticizer DOP rebounded in November
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According to the Commodity Market Analysis System of the Business Society, as of November 9th, the price of DOP was 11450 yuan/ton, an increase of 2.00% compared to the price of 11225 yuan/ton on November 1st. Strong support for raw materials, weak downstream demand remains, and DOP prices fluctuated and rose in November.
The price of isooctanol first fell and then rose
According to the quotations from major isooctanol manufacturers, it can be seen that the price of isooctanol continued to decline last week, with major isooctanol manufacturers’ quotations plummeting. This week, the prices of isooctanol manufacturers stopped falling and rebounded. On November 8th, the prices of isooctanol surged, with some isooctanol manufacturers experiencing a surge of 600 yuan/ton. Propylene prices have rebounded and surged, while the cost of isooctanol has increased. Downstream plasticizer companies have not started production enough, resulting in poor demand for isooctanol. In November, the price of isooctanol fell first and then rose.
The price of phthalic anhydride stabilizes after falling
According to the Commodity Market Analysis System of the Business Society, as of November 9th, the quotation for neighboring phthalic anhydride was 7575 yuan/ton, a decrease of 2.88% compared to the price of 7800 yuan/ton on November 1st. The operating rate of domestic phthalic anhydride remains at 60%, and the supply of phthalic anhydride is sufficient. The price of industrial naphthalene has increased, and the price of naphthalene phthalic anhydride has rebounded. The price difference between ortho phthalic anhydride and nefa phthalic anhydride is approaching, and the market for ortho phthalic anhydride is favorable. The price of phthalic anhydride has stopped falling and stabilized.
Future expectations
Analysts from Business Society’s plasticizer product data believe that the raw material isooctanol first fell and then rose, the price of phthalic anhydride stabilized after falling, and the cost of plasticizers increased; The plastic market has declined, downstream customers have poor purchasing enthusiasm, and downstream demand for plasticizers remains weak. In the future, cost support is difficult to sustain, and demand remains weak. It is expected that the price of plasticizer DOP will fluctuate and consolidate in a weak manner.
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