SunSirs: Cost Support Weakened, and DBP Price Weakened in Shock in November

The price of plasticizer DBP fell in shock in November

According to the data monitoring of SunSirs, as of November 30, the DBP price was 9,650 RMB/ton, down 2.53% from the price of 9,900 RMB/ton on November 1. Raw material support weakened, while demand remained weak. In November, DBP prices were adjusted weakly.

The price of DBP raw materials fell in shock

According to the price monitoring of SunSirs, as of November 30, the price of PA was 8,687.50 RMB/ton, down 7.95% from the price of 9,437.50 RMB/ton on November 1. The price of OX fell in shock, the operating rate of PA from OX process increased, the supply of PA increased, downstream demand was weak, the price of PA fell, and the pressure on DBP to fall increased.

According to the price monitoring of SunSirs, as of November 30, the price of n-butanol was 7,433.33 RMB/ton, up 2.29% from the price of 7,266.67 RMB/ton on November 1. The trading atmosphere of n-butanol in the market was stable, the industry remained strong, the n-butanol price rose in shock, the DBP cost rose, and the support remained.

The output of plastic products declined month on month

According to the data released by the National Bureau of Statistics, the output of plastic products in October was 6.685 million tons, and that in September was 6.92 million tons. The output of plastic products declined both year on year and month on month. The demand for plasticizers decreased, and the downward pressure on plasticizers increased.

Market outlook

In terms of cost, analysts from SunSirs believed that the price of raw material PA fell sharply in shock, the price of n-butanol rose slightly, and the overall cost of DBP raw materials fell; In terms of demand, DBP demand remained weak. The cost support of DBP was weakened and the demand was weak. It is expected that the price of DBP will be shocked weakly to be stable in the future.

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