SunSirs: Cost Supported Strongly, the DOP Market Was Rising During the Off-Season This Week

The price of plasticizer DOP fluctuated and increased this week

According to the Commodity Market Analysis System of SunSirs, as of August 8th, the price of DOP was 11,191.67 RMB/ton, an increase of 7.87% compared to the price of 10,375 RMB/ton on July 30th. The price of 2-EH had skyrocketed, the price of PA had fluctuated and increased, the cost of plasticizer DOP raw materials increased, downstream demand had stabilized, and the operating rate of plasticizers had decreased to around 50%. The supply of plasticizers was insufficient, and the support for plasticizer increase had increased. The price of plasticizer DOP fluctuated and increased.

The price of 2-EH skyrocketed this week

According to the Commodity Market Analysis System of SunSirs, the price of 2-EH on August 8th was 11,033.33 RMB/ton, an increase of 11.45% compared to the price of 9,900 RMB/ton on July 30th. The planned and unexpected fluctuations in domestic 2-EH units had led to continuous tightening of the supply side, resulting in continuous increases in 2-EH prices. The inventory of 2-EH was low, and the market center had shifted upwards. This week, the price of 2-EH skyrocketed, and the cost of plasticizer DOP raw materials had increased. As the price of 2-EH rose to a high level, buying sentiment had become cautious. In mid to late August, two sets of 2-EH units in Shandong and Jiangsu are planned to restart, and the supply side of the 2-EH market is expected to be loose. There is insufficient support for the rise of 2-EH in the future.

The market of raw material PA fluctuated and rose

According to the market analysis system for PA products of SunSirs, as of August 8th, the quotation for PA produced by OX method was 8,750 RMB/ton, an increase of 3.40% compared to the price of 8,462.50 RMB/ton on July 30th. The operation of domestic PA plants was stable, and the operating rate of domestic PA was maintained at over 60%. The supply of PA goods was normal. Recently, there was an increase in export orders for PA, and the supply of goods had been slightly tight. In addition, the price of PA produced by naphthalene method rose, leading to a significant increase in the price of OX and PA produced by OX method. The transaction situation of PA was good, and the market situation was rising. The cost of raw materials had increased, and the driving force for the cost increase of plasticizers had increased.

Market outlook

SunSirs’ plasticizer product data analysts believe that after the resumption of operation of 2-EH, the support for the surge in 2-EH prices will be insufficient, and the price of PA fluctuates and increases. The support for the cost increase of plasticizer product DOP is limited; The downstream PVC procurement enthusiasm is average, and the demand for plasticizers is weak; The low operating rate of plasticizer enterprises is stabilizing, and the supply of plasticizers is temporarily stable. In the future, the support for cost increases is insufficient, the supply of plasticizers is temporarily stable, while demand is weak. The support for the rise of plasticizer DOP is insufficient, and it is expected that the price of plasticizer DOP will fluctuate and consolidate.

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