Price trend

On March 18, SunSirs' benchmark price for DOP stood at 9,175.83 RMB/ton, representing an increase of 19.15% compared to the beginning of the month (7,700.84 RMB/ton).

On March 18, the DOP market in the Jiangsu region stabilized, with quotes standing at 9,700 RMB/ton. The DOP market in the Shandong region also stabilized, with quotes at 9,500 RMB/ton; similarly, the DOP market in the Zhejiang region stabilized, with quotes at 9,900 RMB/ton.

Market analysis 

On March 18, the market price for phthalic anhydride—a key raw material for DOP—rose, while isooctanol prices remained firm and stable. Consequently, the cost of DOP raw materials increased. Meanwhile, operating rates among DOP manufacturers edged upward. The downstream market trended higher, driven primarily by essential demand; downstream customers demonstrated an increased willingness to make purchases, with actual transaction prices subject to negotiation. DOP quoted prices ranged from 9,500 to 9,900 RMB per ton, displaying a firm and stable trend—a stability mirrored in actual transaction prices. With bullish factors persisting and bearish factors subsiding, the DOP market was exhibiting a trend of fluctuating stability.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.