Price trend
According to the data monitoring of business agency, the price of plasticizer DOP rose sharply in May, and the market performance of DOP was strong. As of May 29, the price of DOP in East China was 7066.67 yuan / ton, up 12.77% from 6266.67 yuan / ton at the beginning of the month, and down 2.97% from the same period last year. Since April, the cost of DOP raw materials has increased, and DOP prices have risen in shock. However, since May, PVC market has rebounded sharply, supporting the strong rise of DOP.
| Thiourea |
Cost factor
It can be seen from the trend chart of raw materials of plasticizer DOP that in April and may, the price of DOP raw materials octanol rose sharply, while the price of phthalic anhydride rose sharply. DOP raw material prices rise, DOP costs rise, DOP rising momentum, DOP market is good.
Industrial chain factors
From the price trend chart of PVC and DOP, it can be seen that the price of PVC fluctuated and remained stable in April. Although the DOP market rose in general, the momentum of the rise was insufficient, and the DOP market fell in late April. Since May, the economic environment has picked up, PVC demand has increased, PVC prices have risen all the way, which is good for DOP market, and DOP prices have risen strongly.
| Thiourea dioxide |
Market overview and future expectation
Bai Jiaxin, a DOP data analyst at the business club, believes that since April, affected by the rise of raw material prices and DOP costs, DOP prices have rebounded from the bottom in early April and have risen all the way. From May, the macro-economy recovered, and the demand backlog in the early stage was released. In May, the demand for PVC rose sharply, and the demand for DOP rose correspondingly. In May, the DOP market showed strong performance. For the aftermarket, with the release of the pre backlog demand, the market demand in June was relatively stable, and the upward momentum of DOP was weakened. At the end of May, DOP raw material price was adjusted by shocks, and the downward pressure of DOP market was increased. Generally speaking, the demand support of aftermarket was insufficient, the cost of DOP was reduced, and the downward pressure of the upward momentum of DOP market was increased. DOP prices are expected to fall slightly in June.
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