The price of plasticizer DOP drops again in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 9th, the price of plasticizer DOP was 8463.75 yuan/ton, a decrease of 3.01% from the DOP price of 8726.25 yuan/ton on September 1st at the beginning of the month; Compared to the price of 12091.67 yuan/ton on January 1st at the beginning of the year, it has decreased by 30%. The cost of raw materials has decreased, and the price of plasticizer DOP continued its previous decline in September, hitting a new low for the year.
Supply and demand relationship of DOP in September
In September, the plasticizer market entered the traditional peak season, with downstream customers stocking up more and DOP manufacturers actively shipping. Manufacturers’ supply was tight, but the quality of gold nine was insufficient, and the growth of plasticizer demand was limited. The support for DOP rise was insufficient, and DOP prices fluctuated and fell.
The cost of raw materials continues to decline
According to the Commodity Market Analysis System of Shengyi Society, as of September 9th, the price of isooctanol was 7800 yuan/ton, a decrease of 2.30% from the price of 7983.33 yuan/ton on September 1st at the beginning of the month; Compared to the beginning of the year, the price of isooctanol decreased by 12950 yuan/ton, a decrease of 39.77%. During the traditional peak season of Jinjiu, the production of isooctanol manufacturers increased, the supply of isooctanol improved, downstream enterprises actively purchased isooctanol, and isooctanol manufacturers shipped smoothly. The price of isooctanol supported the upstream raw material prices, and the cost of isooctanol raw materials decreased, resulting in a further decline in isooctanol prices.
According to the Commodity Market Analysis System of Shengyi Society, as of September 9th, the price of phthalic anhydride produced by phthalic anhydride was 7450 yuan/ton, a decrease of 1.81% from the price of 7587.50 yuan/ton on September 1st at the beginning of the month; On September 9th, the price of ortho benzene was 7400 yuan/ton, a decrease of 6.33% from the price of ortho benzene on September 1st, which was 7900 yuan/ton. In September, the market for ortho phthalic anhydride experienced a significant decline, with cost support decreasing and the market for ortho phthalic anhydride falling. The purity of Jinjiu is insufficient, and the demand for plasticizers has not rebounded as expected. The support for the rise of phthalic anhydride is limited, and the price of phthalic anhydride has fallen.
Demand recovery falls short of expectations
According to the Commodity Market Analysis System of Shengyi Society, the rubber and plastic index was 690 points on September 8th, unchanged from yesterday, a decrease of 34.91% from the highest point of 1060 points during the cycle (2012-03-14), and an increase of 30.68% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present). At the end of August, the rubber and plastic industry market rebounded, and the rubber and plastic index stopped falling. There is a trend of recovery in the rubber and plastic industry, but the quality of the gold nine is insufficient. In September, the rubber and plastic index fell, and the rubber and plastic industry market declined. The demand for plasticizers did not recover as expected.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, due to the impact of the decline in crude oil prices, the prices of isooctanol and phthalic anhydride fell in September, and the cost of plasticizer DOP decreased; In terms of demand, the rubber and plastic industry index declined in September, and the demand for plasticizers did not recover as expected. It is expected that the price of plasticizer DOP will fluctuate and fall in the future.
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