The price of plasticizer DOTP increased significantly in August
According to the Commodity Market Analysis System of the Business Society, as of August 28th, the price of DOTP was 12260 yuan/ton, an increase of 15.01% compared to August 1st, which was 10660 yuan/ton. June August is the traditional off-season for plasticizers, but this year’s off-season is not dull. Since mid June, the price of DOTP has bottomed out and rebounded. In August, the price of plasticizer DOTP has significantly increased, reaching a new high for the year.
The price of isooctanol continued to rise sharply in August
According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on August 28th was 12200 yuan/ton, an increase of 22.20% compared to the price of 9983.33 yuan/ton on August 1st. The planned production of domestic isooctanol units and unexpected vehicle pick-up have led to a tight supply of isooctanol, low inventory of isooctanol, and an upward shift in market focus. In August, the price of isooctanol continued to skyrocket. The price of isooctanol has skyrocketed, and the cost of plasticizer DOP raw materials has increased. As the price of isooctanol has risen to a high level, buying sentiment towards pursuing higher prices has become cautious. With the restart of the isooctanol plant, the supply expectation of the isooctanol market is loose, and the sustained rise of isooctanol in the future is limited in support.
PTA prices fell first and then rose in August
According to the Commodity Market Analysis System of the Business Society, the PTA price on August 28th was 6081.36 yuan/ton, an increase of 0.75% compared to the PTA price on August 1st, which was 6036.36 yuan/ton. Recently, the supply and demand contradiction has eased after PTA suppliers released maintenance plans, while international crude oil futures prices have fallen, easing the cost pressure on PTA. In the future, the supply and demand expectations for PTA in September are expected to decrease, and the accumulation of PTA may not be as expected. However, as the terminal consumes pre inventory and is not in a hurry to purchase, there is still upward pressure on PTA prices in the short term. The cost of raw materials for plasticizer DOTP is expected to increase in September, and there is still momentum for the price increase of plasticizer DOTP in the future.
According to the Commodity Market Analysis System of the Business Society, as of August 28th, the price increases of various products in the plastic sector compared to July 1st, from high to low, are PVC (12.48%), PP (wire drawing) (7.28%), and LLDPE (4.89%). Since July, as the plastic industry approaches the traditional peak season, the market has started to heat up, and various products in the plastic sector have seen a rise, with plastic futures rising at the same time. In the two months since July, the plastic industry has been dominated by Lido. On the macro level, inflation in the United States has cooled beyond expectations, the necessity for the Federal Reserve to raise interest rates has decreased, and concerns about economic recession have eased. In terms of cost, the seasonal peak demand from refineries and OPEC production cuts in oil producing countries have led to a strengthening of international crude oil prices. At the same time, downstream plastic enterprises are gradually increasing their stocking, improving consumption follow-up, and enhancing market momentum. Under the dual support of rebounding consumption and high costs, the prices of plastic futures and three materials have fluctuated and risen.
Future expectations
Analysts from Business Society’s plasticizer product data believe that although August is the traditional off-season for plasticizers, the upstream and downstream of the plasticizer industry chain are both rising against the trend. In terms of raw materials, in August, the production of isooctanol was at a low level, and the supply of isooctanol was insufficient. The price of isooctanol continued to rise sharply, alleviating the supply-demand contradiction of PTA and weakening the support for PTA increase. However, the overall cost of DOTP raw materials for plasticizer products increased significantly; The downstream plastic futures market has rebounded, and the demand for plasticizers has rebounded; The operating rate of plasticizer enterprises is low, and the supply of plasticizers is tight. In the future, as the peak season approaches, the demand for plasticizers is expected to rebound. However, in September, upstream and downstream enterprises of plasticizers are expected to resume construction, and the supply of raw materials such as isooctanol and plasticizer DOTP is expected to increase. Both supply and demand are expected to increase, and the support for the rise of plasticizers is weakened; The supply of isooctanol has increased, the support for the rise of isooctanol has weakened, and the expected high price of raw material isooctanol has fallen; Downstream customers have a low acceptance of high prices. As the supply of plasticizers increases, the downward pressure on plasticizers increases. It is expected that the price of plasticizer DOTP will fall back from a high point in the future.
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