According to the commodity market analysis system of SunSirs, as of May 24, the price of DOP was 8167.50 RMB/ton, which fell first and then rose compared with the price of DOP on May 16 of 8200.83 RMB/ton, a decrease of 0.41%. The operating rate of plasticizer DOP enterprises is temporarily stable. The Sino-US economic and trade talks, the easing of tariffs, the expected increase in plasticizer demand, and the growth of plasticizer production are lower than expected. The price of isooctanol fell first and then rose, the price of phthalic anhydride fluctuated and fell, the cost of plasticizers fell first and then rose, and the support for the rise in plasticizer prices was weak.
This week, the price of raw material isooctanol fell first and then rose
According to the commodity market analysis system of SunSirs, as of May 24, the price of isooctanol was 7383.33 RMB/ton, which fell first and then rose compared with the price of isooctanol on May 16 of 7443.33 RMB/ton, a decrease of 3.62%. Tariffs have been eased, and the demand for isooctanol is expected to pick up, but the actual demand increase is lower than expected, and the price of isooctanol has fallen from a high level and fluctuated downward; as the price drops and demand picks up, the price of isooctanol has rebounded slightly. The operation of isooctanol manufacturers is stable, and the supply of isooctanol is sufficient. The supply is stable, and the demand is not rising well, and the price of isooctanol fluctuates and stabilizes.
This week, the price of raw material phthalic anhydride fluctuated and fell
According to the commodity market analysis system of SunSirs, as of May 24, the price of o-phthalic anhydride was 7033.33 RMB/ton, which fluctuated and fell by 0.47% compared with the price of phthalic anhydride of 7066.67 RMB/ton on April 16. This week, the equipment of phthalic anhydride enterprises was stable, and the supply of phthalic anhydride was sufficient; the demand for downstream plasticizers was weak, and the price of phthalic anhydride fluctuated and fell. The demand for phthalic anhydride is insufficient, and the price of phthalic anhydride is weak and stable.
Market outlook
Analysts of data on plasticizer products at SunSirs believe that in terms of cost, the price of isooctanol fell first and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP fell first and then rose; in terms of demand, the suspension of China-US tariffs is good for international trade, but the recovery of plasticizer market demand is lower than expected. In terms of the market outlook, there is hope in the China-US trade negotiations, and downstream demand is expected to recover but lower than expected. The cost has stopped falling and stabilized, and the recovery of demand is lower than expected. It is expected that the price of plasticizer DOP will consolidate strongly in the market outlook.
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