Price Trend
According to the monitoring data of business associations, DOP price shocks adjusted in March, showing a wavy rise and fall, and the overall price remained stable. As of March 31, the price of DOP in East China was 8300.00 yuan/ton, down 0.40% from 8333.33 yuan/ton in early March, and 2.83% from the same period last year. Overall DOP prices in East China remained stable in March.
II. Market Analysis
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Product analysis
DOP market demand was strong in March, but the start-up rate of DOP equipment in plasticizer enterprises remained high. Overall market demand and supply were both booming, market demand was still adequate, while supply was sufficient. Overall plasticizer DOP market was maintained. DOP price rise and fall was mainly related to raw material price. Raw material price decided the rise and fall of DOP price in March.
Analysis of Industrial Chain
As can be seen from the chart above, the price trend of octanol in March is in line with that of DOP. Octanol is the raw material of DOP, and the price rise or fall of octanol determines the trend of DOP. Owing to the breakdown of equipment in octanol enterprises in late March, the supply of octanol was tight, the price of octanol rose, and DOP rebounded with the price of octanol. However, due to the general impact of overhaul equipment output on the overall market output, the market made rapid adjustments, filling the supply gap caused by equipment failure, supply and demand balance, affected by the decline in phthalic anhydride prices, DOP costs fell, DOP prices fell, overall DOP costs fell, the DOP market in the future negative.
3. Future Market Forecast
Bai Jiaxin, a DOP data analyst of business association, thinks that the DOP market demand is good at present, but the DOP equipment start-up rate of plasticizer manufacturer keeps high, the supply is sufficient, and the DOP market is stable; the price of raw material octanol and phthalic anhydride is stable, but the price of phthalic anhydride and octanol fell more in March than that of DOP, DOP still has room to fall, and the short-term price increase caused by equipment overhaul of octanol enterprises in March. The phenomena are difficult to appear in the future market. Octanol prices in the future market are still mainly stable, and DOP costs are falling. The performance of DOP market in the future market is still acceptable, but it is still insufficient to support DOP prices. DOP prices fell slightly in April.
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