SunSirs: DOP Prices Fluctuated and Fell Last Week

DOP Prices Fluctuated and Fell Last Week 

According to the SunSirs commodity market analysis system, as of November 14th, the price of DOP was 6,883.34 RMB/ton, a slight decrease of 0.24% compared to the price of 7,025.83 RMB/ton on November 7th. Last week, the operating rate of DOP plasticizer manufacturers increased slightly to 65%, leading to increased DOP production. Meanwhile, the price of raw material isooctanol fell slightly, and phthalic anhydride prices also declined, resulting in lower DOP costs. However, the downward pressure on DOP costs remained, weakening the upward support for prices. With weakened cost support and increased supply, plasticizer prices fluctuated and declined last week.

The price of raw material isooctanol fell slightly last week

According to the SunSirs commodity market analysis system, as of November 14th, the price of isooctanol was 6,000 RMB/ton, a slight decrease of 0.55% compared to the price of 6,033.33 RMB/ton on November 7th. Some companies underwent maintenance of their isooctanol equipment, leading to a slight decrease in the operating rate of isooctanol plants, with the operating rate below 70%, resulting in a decrease in isooctanol supply. Propylene prices remained strong and stable, providing continued cost support for isooctanol. This cycle, the decrease in isooctanol supply, coupled with continued cost support, led to a slight decline in isooctanol prices. The cost support for plasticizers weakened, and downward pressure on DOP remained, while upward support weakened.

Last week, the price of raw material phthalic anhydride fluctuated and declined

According to the SunSirs commodity market analysis system, as of November 14th, the price of OX based phthalic anhydride was 5,893.33 RMB/ton, a decrease of 0.56% compared to the price of 5,926.67 RMB/ton on November 7th. Phthalic anhydride prices continued their downward trend, fluctuating and declining, as did OX prices. Lower costs led to a slight increase in the operating rate of phthalic anhydride enterprises, resulting in ample supply. Downstream enterprises also increased their equipment operating rates, maintaining support for phthalic anhydride demand. With declining costs and supported by demand, phthalic anhydride prices fluctuated and declined last  week. Plasticizer costs also decreased, and downward pressure on DOP (dimethyl phthalate) prices remained last week.

Market Forecast:

According to data analysts at SunSirs, regarding costs, isooctanol prices slightly declined, while phthalic anhydride prices had fluctuated downwards, putting downward pressure on DOP (dimethyl phthalate) costs while weakening upward support. On the supply side, plasticizer manufacturers had slightly increased their operating rates, leading to increased production and supply. On the demand side, the overall economic downturn, coupled with anti-involution competition and the elimination of outdated production capacity, had resulted in continued weak downstream demand. Looking ahead, with ample supply, weak demand, and declining costs, DOP prices are expected to weaken and decline further.

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