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SunSirs: Plasticizer Market Picks up in May and DOP Prices Rise

May 19 2020 14:52:49     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the market of plasticizer DOP rebounded in May .As of May 18, the price of DOP in East China was 6,766.67 RMB/ton, up 7.98% from 6,266.67 RMB/ton at the beginning of the month, and down 11.40% from the same period last year.

 

Analysis review   

The prices of phthalic anhydride and octanol, raw materials for DOP, rose in shock in May. In May, the domestic economy continued to recover, the demand for phthalic anhydride and octanol rose, and the prices of DOP raw materials gradually picked up. Overall DOP costs rose in May, and the downward pressure on DOP remained strong, and the DOP market was favorable.

In May, the PVC market fluctuated and recovered, and PVC prices fluctuated and rose. With the increase in the resumption of work by domestic enterprises, the production of PVC companies has increased, the purchase of plasticizers by PVC companies has increased, the demand for DOP has picked up, and the market for DOP has gradually recovered, but the overall positive growth has remained negative. is good for DOP.

 

Market outlook

According to DOP data analysts of SunSirs, the prices of phthalic anhydride and octanol fluctuated in May, and the cost of DOP increased; downstream, PVC companies started to work more and the demand for plasticizers increased, which is good for DOP. After May Day, logistics costs increase, which has a greater incentive for DOP prices to rise. On the whole, the DOP market is favorable, the upward momentum and the downward pressure remain, and the DOP market in the future market is volatile and stable.

 

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