DOP prices fell all the way this week

According to the data monitoring of business society, DOP prices fell this week, and the DOP market fluctuated and fell. On September 10, the DOP price was 14575.00 yuan / ton, down 1.10% from 14737.50 yuan / ton on September 1. DOP prices fell in September, and the overall DOP market was weak.

DOP Market Overview

DOP prices were weak this week, with a year-on-year decrease of 1.10%. Downstream users had limited intention to receive orders, weak demand side support, insufficient enthusiasm of end users to enter the market, and strong market wait-and-see sentiment. This week’s drop in DOP prices led to a decline in theoretical profits. Theoretical profits in some regions were negative, DOP profits were upside down, and there was limited room for future decline. This week, the operating rate of DOP enterprises was about 50%, and the operating rate rebounded slightly.

Downstream market recovery

As can be seen from the PVC price trend chart, the PVC market continued to rise this week, up 3.8%, which was good for the DOP market. With the advent of the traditional peak domestic demand season “golden nine and silver ten”, the PVC market has improved, but due to multiple factors, the downstream demand side has not improved greatly, the demand performance of DOP is relatively cold, and the PVC market is rising, which is good for the DOP market.

Future expectations

Bai Jiaxin, DOP data analyst of business society, believes that PVC prices rose this week, and the downstream market recovered, driving the resumption of DOP enterprises, the operating rate of DOP enterprises rose and DOP prices fell; In terms of raw materials, the price of isooctanol decreased, the price of phthalic anhydride increased, the overall DOP cost stabilized, and the negative impact on DOP in terms of raw materials was limited. Although the downstream demand has warmed up, the overall demand is relatively cold, which has limited benefits for DOP, and the DOP price approaches the cost line, with limited room for decline. In the future, the rebound pressure of DOP bottomed out has increased. However, due to the great resistance of downstream to high price DOP, the support for DOP rise is insufficient. Overall, DOP prices tend to be stable and the upward momentum increases. It is expected that DOP prices will be strong and stable in the future.