SunSirs: The Price of DOP Rose in June
June 29 2020 14:17:48 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of plasticizer DOP rose in June, while the price of DOP rose slowly. As of June 28, the price of DOP in East China was 7,366.67 RMB/ton, up 5.49% from 6,983.33 RMB/ton at the beginning of the month, up 2.79% from last year.
Analysis review
It can be seen from the chart of raw material phthalic anhydride, in June, the price of DOP raw material phthalic anhydride rose sharply and remained stable. In the first ten days of June, the price of phthalic anhydride rose, and the price of phthalic anhydride fluctuated and stabilized in the middle and last ten days of June. In general, phthalic anhydride rose in the first ten days of June, and DOP rose strongly. Since the middle and last ten days, the phthalic anhydride market remained stable, while the DOP market was weak, with certain downward pressure.
From the chart of 2-EH price, we can see that the 2-EH price rose steadily and steadily in June, the cost of DOP rose steadily, and the upward momentum of DOP increased.
As can be seen from the PVC price chart, the price of PVC rose sharply in early June, and then the price of PVC fluctuated and remained stable. In late June, the price of PVC fluctuated and fell. The price of PVC fell. The demand for DOP was mainly based on rigid demand. The decline in PVC prices increased pressure on DOP.
Market outlook
According to DOP data analyst of SunSirs, in terms of raw materials, DOP raw materials prices remained high in June, DOP costs rose in shock, and DOP rose under great pressure; in terms of demand, PVC prices fell in shock in late June, DOP demand was mainly rigid demand, downstream customers' purchasing enthusiasm decreased, and negative pressure on DOP increased. Generally speaking, the future DOP's upward momentum is weakened and downward pressure is increased. It is expected that the future DOP's market will fluctuate and maintain stability.
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