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SunSirs: DOP Market Rose Slightly This Week(May 18-22)

May 25 2020 14:12:37     SunSirs (John)

Price trend

According to data from SunSirs, the plasticizer DOP market rose slightly this week, and the upward trend in DOP prices slowed. As of May 24, the price of DOP East China was 7,033.33 RMB/ton, which was an increase of 3.76% from the DOP price of 6,766.67 RMB/ton at the beginning of the week; it was 6.01% lower than the same period last year.


Analysis review   

Industrial chain: The price of DOP raw material octanol rose sharply this week, and the price of phthalic anhydride stabilized. The price of DOP raw materials has risen, the cost of DOP has risen, DOP has a strong upward momentum, and DOP has a good market.

This week, the PVC market fluctuated and the PVC prices followed the rise. With the resumption of domestic enterprises, the production of PVC enterprises has increased, the demand for plasticizers has risen, the DOP market has risen, and the DOP market has been favorable.


Market outlook

According to DOP data analysts of SunSirs, the price of DOP raw materials continued to rise this week, and the cost of DOP remained high. On the demand side, PVC companies started to work more, the demand for plasticizers increased, and the DOP market was favorable. On the whole, the market outlook for DOP is positive, with a strong upward momentum. DOP market outlook is expected to rise slightly.


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