Weak consolidation of plasticizer DOP this week
| PVA |
According to the Commodity Market Analysis System of the Business Society, as of April 17th, the DOP price was 9917.50 yuan/ton, a decrease of 0.33% compared to April 10th, when the DOP price was 9950 yuan/ton. Plasticizer manufacturers are operating steadily, with sufficient supply in the plasticizer market. Downstream procurement is in urgent need, and customer procurement enthusiasm is average. The market transaction atmosphere is cold, and the DOP market is weak and consolidating this week.
Market situation of raw material products
According to the Commodity Market Analysis System of the Business Society, as of April 17th, the quotation for ortho phthalic anhydride was 8562.50 yuan/ton, a decrease of 0.72% compared to the price of 8625 yuan/ton on April 10th. The price of ortho benzene has stabilized, the cost of phthalic anhydride has stabilized, and the support for upward growth has weakened. Downstream demand is poor, and the market for phthalic anhydride has remained stagnant this week. In the future, the upward momentum of phthalic anhydride prices has weakened, and downward pressure still exists.
According to the Commodity Market Analysis System of the Business Society, as of April 17, the price of isooctanol was 9114.29 yuan/ton, a fluctuation decrease of 1.24% compared to the price of isooctanol on April 10, which was 9228.57 yuan/ton. This week, the production of isooctanol enterprises was at a low level, and the supply of isooctanol is expected to decrease. Demand side plasticizer enterprises have temporarily stabilized their production, and the weak and volatile consolidation of isooctanol will be the main trend in the future.
Downstream demand is weak
According to the Commodity Market Analysis System of the Business Society, as of April 17, the price of PVC was 5994 yuan/ton, a decrease of 1.20% compared to the PVC price of 6066.67 yuan/ton on April 10. The PVC spot market is relatively light, and the futures market has performed poorly. The overall market atmosphere is relatively empty, with insufficient confidence on the market. The inquiry atmosphere in the PVC spot market is weak, and the enthusiasm for buying goods is not good. PVC prices have fallen.
Future expectations
Analysts from Business Society’s plasticizer product data believe that this week, the prices of raw materials for plasticizer DOP, phthalic anhydride and isooctanol, have fluctuated slightly, resulting in a decrease in DOP costs. The upward support for DOP is not supported by increased downward pressure. On the demand side, PVC prices are weak and declining, downstream demand is weak, and downstream enterprises of plasticizers have poor purchasing enthusiasm. Overall, cost support weakens and demand is weak, while the plasticizer market is mainly weak and consolidating.
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