Price trend

On February 24, the benchmark price of DBP from SunSirs was 7,851.67 RMB/ton, an increase of 0.43% compared with the beginning of the month (7,818.33 RMB/ton).

On February 24th, the DBP market in Jiangsu province remained weak and stable, with prices quoted at 7,700 RMB/ton. The DBP market in Shandong province also remained weak and stable, with prices quoted at 7,600 RMB/ton, while the DBP market in Zhejiang province remained weak and stable, with prices quoted at 7,900 RMB/ton.

Market Analysis

On February 24th, the price of n-butanol, a raw material for DBP plasticizer, fell from its high level; phthalic anhydride prices consolidated weakly; isooctanol prices stabilized weakly; and the cost of DBP raw materials consolidated weakly. PVC prices fluctuated and consolidated, downstream demand was weak, DBP plant operating rates decreased slightly, DBP supply was ample, DBP factory inventories were low, and downstream customer purchasing enthusiasm was moderate. Transaction prices were based on negotiation, with DBP prices ranging from 7,600-7,900 RMB/ton. DBP prices consolidated weakly, downward pressure on DBP prices remained, and upward momentum weakened, resulting in a weak consolidation of the DBP market.

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