Price Trend
According to the monitoring data of business associations, DOP prices fell first and then rose this week, while the price of plasticizers rose concussively. As of August 23, the price of DOP in East China was 7350.00 yuan/ton, up 83.33 yuan/ton from 7266.67 yuan/ton last weekend, up 1.15%, and down 22.50% from the same period last year. On August 26, DOP prices rose, offering 7383.33 yuan per ton, up 33.33 yuan per ton per day, DOP prices rose, and the market rose after that.
II. Market Analysis
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This week, DOP’s external quotation has fallen sharply, which has a negative effect on the DOP market. At the beginning of the month, the price of DOP in China was 890 US dollars/ton, down 5 US dollars/ton from last week’s price of 900 US dollars/ton, and that in Southeast Asia was 1150 US dollars/ton, down 5 US dollars/ton from last week’s price of 1155 US dollars/ton. The operating rate of DOP equipment in plasticizer enterprises was maintained, the demand was normal, and the overall market of plasticizer DOP was still in short supply. DOP prices in the city have some downward pressure.
Analysis of Industrial Chain
For raw materials, this week DOP raw materials octanol and phthalic anhydride prices are falling first and then rising, the overall shock rise. Starting from August 26, the price of phthalic anhydride and octanol both showed a sharp upward trend, and DOP raw materials may increase in the future. It is expected that DOP market will rise mainly after DOP.
On the downstream demand side, the price of PVC has fallen sharply this week, while the demand for PVC has fallen. Overall, the DOP market in the future is negative. However, from the perspective of the rise and fall, the decline is small and the DOP bearish is limited.
| Thiourea |
3. Future Market Forecast
Bai Jiaxin, a DOP data analyst at business associations, believes that the recent rise in DOP raw materials prices, DOP costs, and DOP rising pressures in the future increase; in terms of demand, the overall market of the plastic industry is stable, and the market for plasticizers is limited. In the external market, DOP prices fell slightly, which was bad for DOP, but overall, the rising power of raw materials was greater than bad pressure, and DOP market in the future still had some momentum, but there was little room for increase. DOP prices in the future were expected to rise slightly.
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