SunSirs: On November 2nd, the Domestic Market DBP Market Temporarily Stabilized
November 03 2023 09:41:19 SunSirs (John)
Price trend
On November 2nd, the DBP market in Jiangsu region stabilized with a quotation of 9,400 RMB/ton. The DBP market in Shandong region was temporarily stable with a quotation of 9,300 RMB/ton, while the DBP market in Zhejiang region was temporarily stable with a quotation of 9,500 RMB/ton.
Analysis review
On November 2nd, the price of n-butanol, a raw material for plasticizer DBP, fluctuated and stabilized. The market for PA fluctuated and fell, while the price of isooctanol fluctuated and stabilized. The cost of DBP raw materials stabilized, while the price of PVC stabilized. Downstream demand was average. DBP enterprises had stable equipment operations, sufficient supply of DBP, increased inventory in DBP factories, and average purchasing enthusiasm from downstream customers. The transaction price was based on the negotiated price, with DBP prices ranging from 9,300 to 9,400 RMB/ton. DBP prices fluctuated and stabilized.
Market outlook
The downward pressure on the DBP market has weakened, and the upward momentum still exists. In the future, the DBP market will fluctuate and stabilize.
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- 2024-02-06 SunSirs: Cost Supported, DBP Prices Were Consolidating at High Levels in January
- 2024-01-19 SunSirs: On January 18th, the Domestic DBP Market Stabilized
