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SunSirs: Industry Chain Market Was Blurred DOP Price Dropped Sharply This Week (March 23-27)

March 30 2020 11:14:36     SunSirs (John)

Price trend

According to the monitoring of SunSirs data, the price of plasticizer DOP fell sharply this week, and the DOP market was weak. As of March 27, the price of DOP in East China was 5,933.33 RMB/ton, which was a decrease of 11% from the price of DOP at 6,666.67 RMB/ton at the beginning of the week, and 29.08% lower than the same period last year.

 

Analysis review   

Industry chain: The prices of phthalic anhydride and octanol, the raw materials of DOP, dropped sharply this week, the cost of DOP dropped sharply, and the pressure of DOP fell. Downstream PVC prices were sluggish, and sales of plasticizers were poor.

 

Market outlook

DOP data analyst of SunSirs believes that the prices of raw materials in the upstream of the plasticizer industry chain have fallen sharply this week, the cost of plasticizers has dropped, and the space for plasticizers to fall is large. For the downstream, PVC is in the off-season, and plasticizer demand is limited. At this stage, the real estate industry and other industries have limited start-up, the demand for PVC has declined significantly, the number of global production enterprises has increased, the market for PVC has been more negative, the demand for plasticizer has been greatly reduced, the inventory of plasticizer enterprises is large, the sales is difficult, and the pressure of DOP decline is large. Generally speaking, the downward pressure of DOP in the future remains, and the plasticizer market is weak.

 

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