According to the data monitoring of the business agency, the price of plasticizer DOP rose sharply in mid November, and DOP price broke through the 10000 yuan mark. After that, DOP price stabilized and decreased slightly. As of November 30, the average price of DOP quotation was 9866.67 yuan / ton, with a monthly increase of 32.44%. The sharp rise of DOP price has great pressure on downstream production and procurement, and the downward pressure of DOP in the future market is increasing.
Upstream market of industrial chain
It can be seen from the trend chart of phthalic anhydride that the market of phthalic anhydride rose sharply in November and then fell back slightly. The sharp rise of phthalic anhydride price in November exerted great pressure on the rise of DOP. However, as the price of phthalic anhydride stabilized and fell slightly, the cost of DOP fell slightly, the rise of DOP lost support, and the rising power of DOP in the future market was weakened, and the downward pressure was increased.
It can be seen from the octanol price trend chart that the octanol price tends to be stable after the sharp rise in November, and the DOP rise momentum is greater in November. With the octanol price stable, the DOP upward momentum weakens.
Downstream market of industrial chain
It can be seen from the PVC price trend chart that the price of PVC rose sharply in the first and second half of November and stabilized in the last ten days. Affected by the rising cost, PVC prices rose sharply in the first and second half of the year. With the gradual stabilization of upstream raw material prices, PVC prices remained stable and DOP demand was stable, which did not support the rise of DOP, and the plasticizer DOP market was negative.
Market review and future expectation
According to Bai Jiaxin, an analyst with DOP data of the business agency, the domestic commodity market rose sharply in November, and the DOP industrial chain products followed the rise, and DOP prices rose sharply in mid November. Since the end of last ten days, due to the small change in the supply-demand relationship, the soaring market has not been continued, and DOP prices have stabilized. Moreover, the sharp rise in the early stage has resulted in excessive pressure on downstream costs and increased pressure on downstream users to purchase. Generally speaking, there is insufficient support for the rise of DOP in the future market, and the downward pressure is prominent. It is expected that the future DOP market will fluctuate and fall slightly.