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SunSirs: DOP Prices Fluctuated and Dropped This Week
November 05 2021 13:37:48SunSirs(John)

DOP prices continued to decline this week

According to the data monitoring of the business agency, the DOP price continued its October downward trend this week, and the overall DOP market fell weakly this week. As of November 4, the DOP price was 12,450 RMB/ton, a decrease of 450 RMB/ton or 3.49% from the price of 12,900 RMB/ton on October 29 at last weekend; the DOP market fell this week.

The price of 2-EH fluctuated and fell this week

According to the price monitoring of the business agency, the price of 2-EH failed to rebound this week, and the price of 2-EH fluctuated and fell slightly. Affected by the fall in raw material prices this week, the price of 2-EH fluctuated down slightly. Under the national macro-control, the prices of coal-related products tend to fall but hardly rise. The cost of isooctyl alcohol has fallen, the downward pressure on the price of isooctyl alcohol is greater, and the price of isooctyl alcohol has fallen. The cost of plasticizer DOP has fallen, and the downward pressure on DOP prices has increased.

PA prices was mostly stable with some decline this week

According to the price monitoring of the business agency, the price of PA fell slightly this week, and the market for PA was stable with a small decline. Affected by the rise in the price of o-xylene, the support from the cost aspect was still there, the downward pressure of PA was weak, and the upward momentum still existed.

PVC prices fell sharply this week

According to the price monitoring of the business agency, the price of PVC dropped sharply this week. As of November 4, the average price of PVC was 9,470 RMB/ton, which was a drop of 8.06% from last weekend's price of 10,300 RMB/ton. The price of PVC dropped sharply this week, and the demand for plasticizers remained weak. The downstream customers of plasticizers were less active in purchasing plasticizers, and the downward pressure on DOP prices was greater.

Market outlook

The DOP data analyst of the business agency believes that the support from DOP raw materials this week was not there. The prices of 2-EH and PA declined slightly this week, and the cost of DOP decreased; on the demand side, the price of PVC fell sharply, the demand for DOP was weak, and downstream customers were less motivated to purchase. The downstream acceptance of high-priced DOP was poor, and DOP was under greater downward pressure. On the whole, DOP costs were falling, demand was insufficient, DOP's upward momentum was insufficient, and downward pressure was greater. DOP prices are expected to fluctuate down slightly in the future.

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