The price of plasticizer DOP rebounded in November
According to the Commodity Market Analysis System of SunSirs, as of November 9th, the price of DOP was 11,450 RMB/ton, an increase of 2.00% compared to the price of 11,225 RMB/ton on November 1st. Raw materials support was strong, downstream demand remained weak, and DOP prices fluctuated and rose in November.
The price of 2-EH first fell and then rose
According to the quotations from major 2-EH manufacturers, it can be seen that the price of 2-EH continued to decline last week, with major 2-EH manufacturers' quotations plummeting. This week, the prices of 2-EH manufacturers stopped falling and rebounded. On November 8th, the prices of 2-EH surged, with some 2-EH manufacturers experiencing a surge of 600 RMB/ton. Propylene prices rebounded and surged, while the cost of 2-EH had increased. Downstream plasticizer companies had insufficient production capacity, resulting in poor demand for 2-EH. The price of 2-EH in November fell first and then rose.
The price of PA stabilized after falling
According to the Commodity Market Analysis System of SunSirs, as of November 9th, the quotation for PA produced by OX method was 7,575 RMB/ton, a decrease of 2.88% compared to the price of 7,800 RMB/ton on November 1st. The operating rate of domestic PA remains at 60%, and the supply of PA was sufficient. The price of industrial naphthalene had increased, and the price of PA produced by naphthalene method had rebounded. The price difference between OX method PA and naphthalene method PA was approaching, and the market for OX method PA was favorable. The price of PA stopped falling and stabilized.
Market outlook
Plasticizer product data analysts from SunSirs believe that the raw material 2-EH first fell and then rose, the price of PA stabilized after falling, and the cost of plasticizers increased; The plastic market had declined, downstream customers had poor purchasing enthusiasm, and downstream demand for plasticizers remained weak. In the future, cost support is difficult to sustain, and demand remains weak. It is expected that the price of plasticizer DOP will fluctuate and consolidate weakly.
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