The price of DOTP fluctuated and consolidated in 2022

According to the data monitoring of SunSirs, as of December 31, the price of DOTP was 9,800 RMB/ton, up 0.26% from the price of 9,775 RMB/ton on January 1. The highest price in the year was 13,550 RMB/ton on February 8, and the lowest price was 8,975 RMB/ton on August 1. The maximum amplitude in the year was 33.76%. Good news and bad news mixed, and the price of plasticizer DOTP fluctuated and consolidated in a wide range during the year.

Future market analysis and outlook for 2023 

According to DOTP data analysts of SunSirs, in 2022, the Winter Olympics limited production and transportation, the energy crisis, the crisis in Ukraine and Russia, and the epidemic situation were frequent, the positive and negative factors were intertwined. In 2022, the price of plasticizer industry chain was adjusted in a wide range, but the supply and demand of plasticizer DOTP was relatively balanced, and the price of plasticizer industry chain products was relatively stable throughout the year. The price of DOTP had stabilized.

In 2023, concerns about the global economic weakness intensifies, the domestic epidemic prevention and control will fully relaxed, and the domestic economic stimulus policies continue to be favorable, and the long and short are intertwined. In 2023, the plasticizer market may show the trend of international economic weakness and domestic economic recovery.

In the future market, the annual close is approaching, the downstream stock of plasticizer DOTP is over, and many downstream enterprises have holidays ahead of time. The demand for plasticizer before the holiday is insufficient, the price of plasticizer before the holiday is stable, the downstream stock replenishment after the holiday will increase, and the price of plasticizer DOTP may rebound briefly.

In the long run, in the post-epidemic era, the foreign market economy continues to be weak, the demand for plasticizer DOTP is expected to decrease, and the domestic economy is expected to warm up, which has good support for plasticizer DOTP, but the good is not enough to support the continuous rise of plasticizer DOTP price. Since the fourth quarter of 2020, the price of plasticizer DOTP has remained at a high level, which is mainly affected by the increase in exports and demand for plasticizer after the outbreak of the epidemic. In 2023, the worries about the weakness of the foreign economy will intensify, and the export may decrease significantly, and the demand for plasticizer will decrease. The price of plasticizer DOTP is expected to fall in 2023.

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