SunSirs: Cost Supported, DBP Prices Were Consolidating at High Levels in January

Plasticizer DBP price fluctuated and consolidated in January

According to the Commodity Market Analysis System of SunSirs, as of February 4th, the DBP price was 9,775 RMB/ton, which was temporarily stable compared to the DBP price of 9,775 RMB/ton on January 31st; The DBP price fluctuated and increased by 0.26% compared to January 1st at 9,750 RMB/ton. In January, the raw material n-butanol was consolidating at a high level, while the price of 2-EH fluctuated and fell. DBP cost support still existed, coupled with stable operating rates of DBP enterprises and average downstream procurement enthusiasm, DBP prices were consolidating at a high level.

2-EH prices fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of February 4th, the price of 2-EH was 12,350 RMB/ton, which remained stable compared to the 2-EH price of 12,350 RMB/ton on January 31st, and fluctuated and fell by 4.63% compared to the 2-EH price of 12,925 RMB/ton on January 1st. At the beginning of the month, the production of 2-EH resumed, and with pre holiday stocking, the price of 2-EH stabilized at a high level in the first and second half of the month. With the end of stocking before the Spring Festival, and with 2-EH manufacturers offering discounts for shipments, the price of 2-EH fluctuated and fell, with insufficient cost support and insufficient support for DBP price increases.

The n-butanol prices consolidated at high levels

According to the Commodity Market Analysis System of SunSirs, as of February 4th, the price of n-butanol was 8,766.67 RMB/ton, a decrease of 0.57% compared to January 31st, when the price of n-butanol was 8,816.67 RMB/ton; Compared to January 1st, the price of n-butanol increased by 0.77% to 8,700 RMB/ton. Part of the facilities had resumed production, and downstream enterprises we re stocking up. As the Spring Festival approached, the production of n-butanol enterprises had decreased. In addition, the pre holiday demand had declined, and the price of n-butanol had stabilized at a high level in January; DBP cost support still existed.

Market outlook

SunSirs plasticizer product data analysts believe that in terms of raw materials, n-butanol remained stable at a high level in January, while 2-EH prices fluctuated and fell. DBP raw material cost support still existed, and DBP prices remained stable at a high level in January. In the future, cost support still exists, with a decrease in the production of plasticizer DBP, a decline in demand, weak supply and demand, and cost support. It is expected that DBP prices will consolidate strongly in the future.

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