SunSirs: The Surge in Raw Materials, Coupled with Post Holiday Restocking, Led to a Significant Increase in DOTP Prices after the Holiday
October 08 2023 11:07:40 SunSirs (John)
The price of plasticizer DOTP skyrocketed after the holiday
According to the Commodity Market Analysis System of SunSirs, as of October 7th, the price of DOTP was 12,241 RMB/ton, an increase of 5.43% compared to the price of DOTP on October 1st, which was 11,610 RMB/ton. After the holiday, the price of 2-EH surged, coupled with an increase in downstream customer restocking, resulting in a significant increase in DOTP prices.
The price of 2-EH surged after the holiday
According to the Commodity Market Analysis System of SunSirs, the price of 2-EH on October 7th was 12,360 RMB/ton, an increase of 2.83% compared to the price of 12,020 RMB/ton on October 1st. During the holiday period, plasticizer manufacturers actively purchased and downstream replenished stocks of 2-EH after the holiday. The demand for 2-EH increased, and the price of 2-EH surged after the holiday.
Market outlook
SunSirs’ plasticizer product data analysts believe that during the Double Festival period, downstream customers of 2-EH actively purchased, and after the holiday, plasticizer enterprises restocked, resulting in a significant increase in 2-EH prices; Crude oil prices plummeted, and PTA prices followed suit after the holiday. Overall, the price of raw materials for plasticizer DOTP had significantly increased, coupled with downstream customer restocking of plasticizers, leading to an increase in demand for plasticizers. It is expected that the price of plasticizer DOTP will rise significantly in the future.
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