The price of plasticizer DOP had dropped from high levels this week

According to the Commodity Market Analysis System of SunSirs, as of September 4th, the price of DOP was 12,009.17 RMB/ton, a decrease of 1.02% from the price of 12,133.33 RMB/ton on August 28th. The weakening of cost support and the absence of demand support had led to a decline in the high price of plasticizer DOP this week.

Plasticizer companies were experiencing profit losses, plasticizer manufacturers were operating at low loads, and the supply of plasticizers was still tight. Downstream demand was temporarily stable, and high prices of plasticizers were difficult to pass down. Against the backdrop of weak supply and demand for plasticizers, cost support weakened and downstream demand disappeared, increasing the downward pressure on plasticizers.

The price of 2-EH had dropped from high levels this week

According to the Commodity Market Analysis System of SunSirs, the price of 2-EH on September 4th was 12,970 RMB/ton, a decrease of 0.54% compared to the price of 13,040 RMB/ton on August 29th. The domestic 2-EH plant started operating and restarted, and the supply of 2-EH hadrebounded, resulting in a high price drop for 2-EH.

The market of raw material PA stopped falling and stabilized

According to the market analysis system for PA products of SunSirs, as of September 4th, the quotation for PA produced by OX method was 8,587.50 RMB/ton, a decrease of 0.58% compared to the price of 8,637.50 RMB/ton on August 28th. The operation of domestic PA on-site devices was stable, and the spot supply on site was normal. The recent situation of PA sales was average, and the market trend of PA on site was temporarily stable. In addition, the price of naphthalene method PA in China had rebounded and increased, and the profit of PA had increased. The willingness to stand up for PA increased, the price of OX decreased, and the cost of PA had decreased. The future trend of PA is mainly stable.

Market outlook

SunSirs’ plasticizer product data analysts believe that the production of 2-EH was slowly recovering, the supply of 2-EH was slowly increasing, and the high price of 2-EH was falling; The price of PA had stabilized, and the support for the cost increase of plasticizer product DOP had weakened; PVC prices were stabilizing, downstream PVC procurement enthusiasm was average, and demand for plasticizers was not supported. In the future, against the backdrop of weak supply and demand for plasticizers, cost support is weakening and demand support is not available. It is expected that the price of plasticizer DOP will decline from high levels.

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