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SunSirs: Cost Decreased, Plasticizer DOTP Was Weak and Declined in April
May 04 2023 14:24:39SunSirs(John)

Plasticizer DOTP Was Weak and Declined in April

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the average price of DOTP was 9,811 RMB/ton, a decrease of 2.67% compared to the average price of 10,080 RMB/ton on April 1st. Plasticizer enterprises started construction at a low level, raw material prices decreased, market transactions were cold, and the actual transaction price center shifted downwards. In April, DOTP prices fell weakly.

Market situation of raw material products

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the price of 2-EH was 9,157.14 RMB/ton, a decrease of 2.88% compared to the price of 2-EH on April 1st, which was 9,428.57 RMB/ton. In April, the production of 2-EH enterprises was at a low level, and the supply of 2-EH decreased. The production of plasticizer enterprises was temporarily stable at a low level, and the 2-EH market will mainly be weakly consolidated in the future.

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the price of PTA was 6,180 RMB/ton, a fluctuating decrease of 3.51% compared to the price of 6,404.55 RMB/ton on April 1st. In April, PTA prices fluctuated and fell in an "M-shaped" pattern; Crude oil prices fluctuated and fell, and PTA cost support was weakened. In April, the PTA market fell weakly.

Import and export data statistics

According to import and export data released by the customs, the cumulative export volume of DOTP from January to March 2023 was 1,091.7 tons, a year-on-year surge. The cumulative import volume of DOTP from January to March 2023 was 7,687.63 tons, a significant decrease year-on-year. In 2023, DOTP exports increased, imports decreased, and the import volume far exceeded the export volume. The domestic plasticizer market had sufficient supply, and the downward pressure on DOTP increased.

Market outlook

Analysts from SunSirs’ plasticizer product data believe that in April, the price of DOTP plasticizer raw material 2-EH fluctuated and fell, while PTA prices fluctuated and fell, resulting in a decrease in raw material costs. On the demand side, downstream demand was weak. Overall, costs decreases, demand is weak, and the plasticizer DOTP market will be weak and declining.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.

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