The price of isooctanol has fallen, and the price of DOP has also decreased. The downward pressure on DOP has increased, and the upward momentum has weakened.

On May 8th, the commodity price index of phthalic anhydride and DOP in SunSirs was 97.95, an increase of 0.05 points from yesterday, a decrease of 13.42% from the highest point of 113.13 points during the cycle (2022-10-16), and an increase of 116.85% from the lowest point of 45.17 points on July 27, 2021. (Note: The period refers to January 1, 2012 to present). The price of phthalic anhydride fluctuated and fell, while the price of DOP decreased. The upward momentum of DOP weakened, and the downward pressure increased.

On May 9th, the DOP market in Jiangsu fell, with a quoted price of 7850RMB/ton. The DOP market in Shandong region is weak and declining, with a quoted price of 7700 RMB /ton; The DOP market in Zhejiang region is weakly consolidating, with a quoted price of 8000 RMB /ton.

On May 9th, the price of phthalic anhydride, a raw material for DOP, fluctuated and fell, while the price of isooctanol fluctuated and fell. The cost of DOP raw materials decreased, and DOP enterprises started at a low level. The downstream market was weak, with downstream demand being the main factor. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. The DOP quotation was 7700-8000 RMB /ton, which was weakly consolidated, and the actual transaction price fell. The positive and negative aspects of the DOP market weakened, and the market remained weakly consolidated.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.