The new order price of plasticizer DOTP surged in December

According to the Commodity Market Analysis System of SunSirs, as of December 5th, the price of DOTP was 12,080 RMB/ton, a significant increase of 5.04% compared to December 1st, which was 11,500 RMB/ton. Some plasticizer companies raised their DOTP prices by nearly a thousand RMB, while the price of raw material 2-EH continued to rise. Under costs supported. at the beginning of the month, the price of new DOTP orders surged.

The price of 2-EH continued to steadily rise

According to the Commodity Market Analysis System of SunSirs, the price of 2-EH had been continuously rising since mid November. As of December 5th, the quotation for 2-EH was 11,740 RMB/ton, an increase of 5.20% from the quotation of 11,160 RMB/ton on November 11th. In November, the operating rate of downstream plasticizers increased, and large plasticizer factories actively purchased. The rigid demand for 2-EH increased, and 2-EH products showed a fluctuating upward trend. In the past three months, the operating rate of 2-EH enterprises had gradually recovered, and the supply of 2-EH had increased. With the continuous rise of 2-EH prices, the purchasing enthusiasm of downstream plasticizer enterprises declined under price pressure, and the supply of 2-EH increased and while demand for 2-EH had been weaker. In the future, the support for the rise of 2-EH has weakened, and the downward pressure has increased.

Market outlook

SunSirs’ plasticizer product data analysts believe that the high production of plasticizer DOTP led to an increase in DOTP supply; With the increase in DOTP prices, DOTP profits increased, and downstream real order bargaining space had increased. Downstream customers had a strong willingness to purchase at lower prices. The continuous rise in the price of raw material 2-EH supported a significant increase in DOTP prices. In the future, there is insufficient support for the price increase of 2-EH, the cost of raw materials stabilizes, the supply of DOTP increases and demand for plasticizer DOTP are weak, and downstream customers have a strong willingness to purchase at lower prices. It is expected that the high price of DOP will fall in the future.

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