DBP fluctuated and fell in April

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the DBP price was 9,237.50 RMB/ton, a decrease of 4.52% compared to the DBP price of 9,675 RMB/ton on April 1st. The prices of raw materials decreased, cost support decreased, and downstream customers had poor purchasing enthusiasm. In April, DBP prices fluctuated and fell.

Market situation of raw material products

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the quotation for OX method PA was 8,225 RMB/ton, a decrease of 4.64% from the price of 8,625 RMB/ton on April 1st. The price increase of OX slowed down, the cost of PA increased, support weakened, and downstream demand was poor. In April, the market for PA was weak, and the downward pressure on the price of PA in the future increased.

According to the Commodity Market Analysis System of SunSirs, as of April 28th, the price of n-butanol was 7,166.67 RMB/ton, a decrease of 7.33% compared to the price of n-butanol on April 1st, which was 7,733.33 RMB/ton. In April, the equipment construction of n-butanol enterprises was stable, with sufficient supply of n-butanol and weak downstream demand. The price of n-butanol fell weakly in April, and the downward pressure on n-butanol prices in the future increased.

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 2-EH will mainly be weak and consolidated in the future.

Market outlook

Analysts from SunSirs’ plasticizer product data believe that in April, the prices of raw materials for plasticizer DBP, such as PA, 2-EH, and n-butanol, fluctuated and fell, increasing the pressure on raw materials to decline. On the demand side, downstream demand was weak. In the future, cost support has decreased, demand is weak, and plasticizer DBP market is mainly fluctuating and declining.

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