The price of plasticizer DOP has dropped this week
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of plasticizer DOP was 8791 yuan/ton, a decrease of 2.87% from the DOP price of 9051 yuan/ton on August 16 last weekend. The recovery of terminal demand is slow, the price of raw material octanol has fallen, costs have decreased, downstream customers’ enthusiasm for placing orders has decreased, wait-and-see sentiment has increased, plasticizer transactions have declined, and plasticizer DOP prices have fallen.
The cost of raw materials has decreased
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of isooctanol was 8016.67 yuan/ton, a fluctuating decrease of 3.41% compared to the price of 8300 yuan/ton on August 16 last weekend. The manufacturer of isooctanol has completed maintenance and resumed production, with sufficient supply of isooctanol; Poor demand for plasticizers has led to a decrease in downstream enterprises’ enthusiasm for purchasing octanol. Isooctanol manufacturers have lowered prices for shipments, increasing pressure on the price of isooctanol. As a result, the price of isooctanol has fallen.
According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market fluctuated and fell this week. As of August 23, the price of phthalic anhydride in the phthalic anhydride market was 7712.50 yuan/ton, which was a 1.75% decrease from the previous weekend’s price of 7850 yuan/ton on August 16. Domestic neighboring phthalic anhydride is priced at 7500-7700 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7200-7300 yuan/ton before leaving the factory. This week, the price of industrial naphthalene has stabilized, the market for naphthalene phthalic anhydride has stabilized, the market for ortho benzene has weakened and fallen, cost support has decreased, and the market for ortho benzene phthalic anhydride has fallen. The demand for plasticizers fell short of expectations, and the support for the rise in phthalic anhydride weakened, resulting in a decrease in phthalic anhydride prices.
Demand recovery falls short of expectations
According to the Commodity Market Analysis System of Shengyi Society, as of August 23rd, the PVC quotation was 5324 yuan/ton, which fluctuated and fell by 0.19% compared to the PVC quotation of 5334 yuan/ton on August 16th last weekend; Compared with the PVC quotation of 5452 yuan/ton on August 1st, it fluctuated and fell by 2.35%. July and August are the period of concentrated maintenance for domestic PVC paste resin enterprises. The supply of PVC in the domestic market has decreased, and the operating rate of the PVC glove industry is about 60%, resulting in weak demand for plasticizers. The import of PVC paste resin has increased while the export has decreased, resulting in poor downstream production growth and lower than expected demand for plasticizers.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fallen, the price of phthalic anhydride has fluctuated and fallen, and the cost of plasticizer DOP has decreased; In terms of demand, the recovery of terminal demand is slow, and the demand for plasticizers is lower than expected, leading to increased downward pressure on plasticizers. In the future, the cost of raw materials for plasticizers has decreased, and downstream demand has fallen short of expectations. It is expected that the price of plasticizer DOP will fluctuate and decline in the future.
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