This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the DOP price was 6883.34 yuan/ton, a fluctuating decrease of 0.24% compared to the DOP price of 7025.83 yuan/ton on November 7th. This week, the operating load of plasticizer DOP enterprises has slightly increased, with an operating rate of 65%. DOP production has increased, and the raw material isooctanol has slightly fallen. Phthalic anhydride prices have fallen, and DOP costs have decreased. The downward pressure on DOP costs still exists, and the upward support has weakened. Cost support weakened, supply increased, and plasticizer prices fluctuated and fell this week.
This week, the price of raw material isooctanol has slightly fallen
According to the Commodity Market Analysis System of Shengyi Society, as of November 14th, the price of isooctanol was 6000 yuan/ton, a fluctuating decrease of 0.55% compared to the price of 6033.33 yuan/ton on November 7th. Partial maintenance of isooctanol equipment in some enterprises has resulted in a slight decrease in the operating load of isooctanol facilities. The operating rate of isooctanol is less than 70%, and the supply of isooctanol has decreased; The price of propylene is stabilizing strongly, but the cost support of isooctanol still exists. This week, the supply of isooctanol has decreased, and with cost support still present, the price of isooctanol has slightly fallen. The cost support of plasticizers has weakened, and there is still upward pressure on DOP.
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 14th, the price of phthalic anhydride in neighboring countries was 5893.33 yuan/ton, a fluctuating decrease of 0.56% compared to the price of phthalic anhydride on November 7th at 5926.67 yuan/ton. Phthalic anhydride continues to decline, with prices fluctuating downwards and neighboring benzene prices fluctuating downwards. Costs have decreased, and the operating rate of phthalic anhydride enterprises has slightly increased, indicating sufficient supply of phthalic anhydride; 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, and the cost of plasticizers 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 has slightly fallen, while the price of phthalic anhydride has fluctuated and fallen. The downward pressure on the cost of plasticizer DOP still exists, and the upward support has weakened; In terms of supply, 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 sufficient supply and weak demand, costs have decreased, and it is expected that the price of plasticizer DOP will weakly decline.