This week, the price of plasticizer DOP first rose and then fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the DOP price was 7025.83 yuan/ton, a fluctuating increase of 0.24% compared to the DOP price of 7009.16 yuan/ton on November 1st. This week, the operating load of DOP enterprises has increased, resulting in an increase in DOP production; The raw material isooctanol fluctuated and rose, the price of phthalic anhydride fell weakly, and the cost of DOP increased. The pressure of DOP cost decline weakened, and the support for upward growth increased. Due to increased cost support and supply, the price of plasticizers rose first and then fell this week.
This week, the price of raw material isooctanol fluctuated and rose
According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the price of isooctanol was 6033.33 yuan/ton, a fluctuating increase of 1.40% compared to the price of 5950 yuan/ton on November 1st. Partial maintenance of isooctanol equipment in some enterprises has significantly reduced the operating load of isooctanol facilities, resulting in a 70% operating rate and a decrease in isooctanol supply; The price of propylene has fallen, and the cost of isooctanol has decreased. This week, the supply of isooctanol has decreased, coupled with a decrease in costs, causing the price of isooctanol to fluctuate and rise. The cost of plasticizers has increased, and the downward pressure on DOP has weakened while the upward support has increased.
This week, the price of raw material phthalic anhydride fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of November 7th, the price of phthalic anhydride in neighboring countries was 5926.67 yuan/ton, which fluctuated and fell by 0.39% compared to the price of phthalic anhydride at 5950 yuan/ton on November 1st. Phthalic anhydride continues its downward trend, with slight fluctuations in phthalic anhydride prices and neighboring benzene prices in November, resulting in a decrease in costs. Phthalic anhydride enterprises have stable operating rates and sufficient supply; The equipment operating load of downstream enterprises has increased, and the demand for phthalic anhydride still exists to support it. Supported by the demand for cost reduction, the price of phthalic anhydride fluctuated and fell this week. The price of phthalic anhydride has fallen, and the cost of plasticizers has decreased. The downward pressure on plasticizer DOP still exists this week.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol fluctuates and rises, while the price of phthalic anhydride fluctuates and falls. The downward pressure on the cost of plasticizer DOP weakens, and the upward support increases; On the supply side, the operating rate of plasticizer enterprises has slightly increased, the production of plasticizers has increased, and the supply of plasticizers has increased; In terms of demand, the overall economy is sluggish, coupled with anti competitive competition and the elimination of outdated production capacity, downstream demand remains weak. In the future, with increasing supply and weak demand, coupled with rising costs, it is expected that the price of plasticizer DOP will remain weak and stabilize.