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SunSirs: DOP Prices Are Slowly Rising
September 16 2020 15:20:55SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the price of plasticizer DOP has fluctuated and increased since September, but the overall rise has been slow and the DOP has not risen enough. As of September 15th, the DOP price was 7,150.00 RMB/ton, which was an increase of 2.63% from the DOP price of 6,966.67 RMB/ton at the beginning of the month (September 1), and the DOP market rose slowly.

Analysis review   

In September, the market of DOP raw material phthalic anhydride rose slightly, and the price of phthalic anhydride fluctuated up slightly by 4.9%. The increase in DOP cost provided certain support for the DOP market.

In September, the 2-EH market fluctuated and rose by 3.6%. The cost of DOP increased, which supported DOP to a certain extent.

In September, the price of PVC rose first and then fell. The price of PVC fluctuated slightly, or 0.23%. The price of PVC fluctuated and adjusted. The overall PVC market was not strong enough, and there was certain downward pressure on the plasticizer DOP.

Market outlook

DOP data analysts of SunSirs believe that in September, DOP raw material prices fluctuated slightly, phthalic anhydride prices continued to rise in August, and 2-EH prices bottomed out, rebounded slightly, and overall DOP costs rose; But downstream, the price of PVC rose first and then fell, the PVC market weakened, downstream demand for DOP was general, and the momentum for DOP to rise was insufficient. In general, DOP is not sufficiently favorable to support, DOP's upward momentum is insufficient, DOP prices are slowly rising, but the overall DOP upward trend is insufficient.

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

 

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