Price trend

On March 25, the benchmark price for DOP, as reported by SunSirs, stood at 9,975.83 RMB/ton—an increase of 29.54% compared to the beginning of the month (7,700.84 RMB/ton).

On March 25, the DOP market in the Jiangsu region remained stable for the time being, with quotes standing at 10,700 RMB/ton. In the Shandong region, the DOP market also held steady, with quotes at 10,500 RMB/ton; similarly, the DOP market in the Zhejiang region remained stable, with quotes at 10,800 RMB/ton.

Market analysis

On March 25, market conditions for DOP raw materials showed stability: phthalic anhydride prices remained firm and steady, while isooctanol prices stabilized at a weaker level. Consequently, the overall cost of DOP raw materials remained stable. Meanwhile, operating rates among DOP manufacturers increased. The downstream market trended upward, driven primarily by essential demand; downstream customers demonstrated a heightened willingness to procure, with actual transaction prices subject to negotiation. DOP quoted prices ranged from 10,500 to 10,800 RMB/ton—holding steady for the time being—while actual transaction prices also stabilized. Bullish factors for DOP persisted while bearish factors were subsiding; the DOP market remained temporarily stable.

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