SunSirs: In 2022, the DOTP Market Fluctuated Widely and Consolidated-Ⅱ

Review of DOTP market in 2022

The trend of plasticizer DOTP in 2022 could be divided into four stages: the first stage: rapid rise stage; the second stage: high shock consolidation stage; the third stage: slump in the off-season; the fourth stage: low shock consolidation stage.

Rapid rise stage

The first stage was from January to March, which was a fast rising stage. On February 8, it reached a 2022 high of 13,550 RMB/ton. Compared with the price of 9,775 RMB/ton on January 1 at the beginning of the year, it was up 38.62%. Before the Spring Festival, the double-festival stock, the winter Olympic Games limited production and transportation, the operating rate of plasticizer industry chain enterprises decreased, and the supply was insufficient, which stimulated the price of plasticizer DOTP to rise. After the Spring Festival, the price of crude oil rose sharply, the price of raw materials rose, and the price of plasticizer DOTP followed the surge. With the end of replenishment, the demand fell, while the crisis in Ukraine and Russia intensified, the energy crisis intensified, and the price of plasticizer DOTP fluctuated and consolidated at high levels.

High shock consolidation stage

The second stage: high consolidation stage: from April to the middle of June. In April, there were many outbreaks in Shanghai, the operating rate of downstream enterprises fell, the demand for plasticizer DOTP was less than expected, and the support for plasticizer rise was insufficient; From April to the first ten days of June, PTA prices fluctuated and rose, the cost of plasticizer DOTP rose, domestic prevention and control were strengthened, transportation was limited, equipment maintenance of enterprises in the plasticizer industry chain increased, supply was insufficient, supply and demand were weak, and the price of plasticizer DOTP fluctuated and consolidated at high levels.

Slump in the off-season stage

The third stage: off-season slump stage: from mid-June to July, the price of plasticizer DOTP plummeted. As of July 31, the price of DOTP fell by 26.23% compared with that of mid-June. In the off-season of the traditional market, the demand was insufficient, the epidemic situation improved, the operating rate of enterprises in the plasticizer industry chain rose, the transportation resumed, the supply and demand were weak, and the price of plasticizer DOTP plummeted.

Low shock consolidation stage

The fourth stage: from August to December, the low level fluctuated and consolidated. In late August, power was limited in Sichuan, plasticizer enterprises began to decline, and the price of plasticizer DOTP rebounded and rose. However, the plasticizer market in September and October was not booming, the demand for plasticizer DOTP was less than expected, and the support for the rise of DOTP was insufficient; In November and December, favorable policies continued, but the demand was less than expected due to the frequent outbreak of epidemic, and the price of plasticizer DOTP fluctuated and consolidated at a low level.

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