SunSirs: DOP Prices Fluctuated and Rose in January, and Stabilized after the Holiday

The price of plasticizer DOP fluctuated and rose in January

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the DOP price was 8,576.25 RMB/ton, a fluctuating increase of 4.25% compared to the DOP price of 8,226.25 RMB/ton on January 1st at the beginning of the month. The rise in raw material prices has led to an increase in the cost of plasticizer DOP. Stocking up before the Spring Festival has led to an increase in demand for plasticizers. Supported by rising costs and demand, there was a significant driving force for the increase in plasticizers.

The price of raw material 2-EH fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of January 31st, the price of 2-EH was 7,800 RMB/ton, a fluctuating increase of 2.63% compared to the price of 7,600 RMB/ton on January 1st at the beginning of the month. The construction of new equipment and the high level of equipment construction in 2-EH enterprises have led to sufficient supply of 2-EH. With stocking before the Spring Festival, the demand for 2-EH has rebounded, resulting in a double increase in supply and demand. In January, the price of 2-EH fluctuated and rose.

Market outlook

According to the plasticizer products data analyst of SunSirs, in terms of cost, the price of 2-EH fluctuated and rose in January, the price of PA fluctuated and rose, and the cost of plasticizer DOP increased; In terms of demand, stocking up before the Spring Festival and replenishing inventory after the holiday will increase the support for plasticizer demand. In the future, after the Spring Festival, the replenishment of inventory will end, and the demand for raw materials such as 2-EH and plasticizers will decrease, resulting in weakened cost support for plasticizers and weak demand; It is expected that the price of plasticizer DOP will slightly fall back.

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