The price of plasticizer DOP fluctuated and increased in May
According to the Commodity Market Analysis System of the Business Society, the prices of plasticizer DOP products fell first and then rose in May, and the prices of plasticizer DOP fluctuated and consolidated. As of May 26th, the price of DOP was 9925.83 yuan/ton, an increase of 2.23% compared to the price of 9709.17 yuan/ton on May 1st; Compared to May 6th, the price dropped by 7.67% to 10750 yuan/ton. In May, the price of plasticizer DOP first rose and then fell. After the May holiday, the price of plasticizer DOP briefly rose and then quickly fell back. Afterwards, the price of plasticizer DOP fluctuated and consolidated, with limited support for the rise of plasticizers.
Device shutdown news, driving up the price of isooctanol
According to the Commodity Market Analysis System of the Business Society, during the May Day holiday, the sudden shutdown of isooctanol devices drove up the price of isooctanol rapidly. On May 8th, the price of isooctanol was 10183.33 yuan/ton, a sharp increase of 11.90% compared to 9100 yuan/ton on May 1st; DOP production enterprises have octanol contracts to be executed, and there is also an appropriate amount of pre holiday stock of raw materials. Therefore, in the face of a sharp rise in the market, downstream customers have a low intention to buy at a high level, and there are gradually news of production stoppages. Insufficient demand has led to a rapid decline in the price of isooctanol. On May 12, the price of isooctanol was 9566.67 yuan/ton, a decrease of 6.06% compared to May 8, when the price of isooctanol was 10183.33 yuan/ton; Afterwards, the supply and demand of isooctanol were relatively balanced, and the price of isooctanol stabilized at a high level. As of May 26, the price of isooctanol was 9690 yuan/ton, an increase of 6.48% compared to 9100 yuan/ton on May 1. In May, the price of isooctanol fluctuated and consolidated, but the current price is still difficult to attract the buying sentiment of end users, so market transactions are still weak. The support for the cost increase of plasticizer products is limited, and the price of plasticizer DOP fluctuates and stabilizes.
The market of raw material phthalic anhydride has stopped falling and rebounded
According to the market analysis system for phthalic anhydride products in the Business Society, as of May 26th, the quotation for neighboring phthalic anhydride was 7975 yuan/ton, a decrease of 3.04% compared to the price of 8225 yuan/ton on May 1st. In May, the price of phthalic anhydride fluctuated and fell. In the middle of the month, the price of phthalic anhydride stopped falling and rebounded, and exports increased. The price of Naifa phthalic anhydride stopped falling and rose, and the market of phthalic anhydride rebounded and adjusted. The cost support for plasticizers still exists.
Analysts from Business Society’s plasticizer product data believe that in May, the prices of isooctanol fluctuated and consolidated, while the prices of phthalic anhydride rebounded. There is still support for the cost increase of plasticizer products DOP, and the prices of plasticizer products DOP fluctuated and consolidated. In the future, the supply of isooctanol has basically returned to normal, with insufficient support for the increase in raw material costs of plasticizers. The demand for plasticizers remains weak, with stable costs and weak demand. The market for plasticizers is bearish, with insufficient support for the increase in plasticizers. It is expected that the price of plasticizer DOP will fluctuate and consolidate.