After the holiday, the price of plasticizer DOP surged and then fell back
According to the Commodity Market Analysis System of Shengyi Society, as of October 12th, the price of plasticizer DOP was 9238.75 yuan/ton, which first increased and then decreased compared to the DOP price of 8988.75 yuan/ton on October 1st, with a growth rate of 2.78%. The post holiday economic recovery, coupled with the replenishment of plasticizers after the holiday, has led to an increase in demand for DOP and a rise in DOP prices. The operating rate of downstream plasticizer enterprises has increased, leading to an increase in demand for plasticizers; With the end of inventory replenishment and a decline in demand, coupled with a slower than expected economic recovery, the price of plasticizer DOP has fallen from a high level. The price of plasticizer DOP rose sharply and then fell back.
Downstream demand is expected to rebound
Positive policies, rising macroeconomic sentiment, downstream market recovery, and expected increase in demand for plasticizers in the market; After the holiday, there was a temporary increase in demand for plasticizers due to restocking.
The cost of raw materials has risen sharply and then fallen back
According to the Commodity Market Analysis System of Shengyi Society, as of October 12th, the price of isooctanol was 9233.33 yuan/ton, an increase of 6.05% compared to the price of 8706.67 yuan/ton on October 1st. Economic expectations are expected to rebound, and demand for isooctanol is expected to rebound. In addition, after the holiday, isooctanol stocks will be replenished, resulting in a significant increase in isooctanol prices. As the replenishment ends and the economic recovery falls short of expectations, demand is expected to decline, and the high price of isooctanol is expected to drop.
According to the Commodity Market Analysis System of Shengyi Society, as of October 12th, the price of phthalic anhydride in neighboring countries was 7387.50 yuan/ton, which fluctuated and increased by 2.60% compared to the price of 7200 yuan/ton on October 1st. Downstream demand is expected to rebound, with an increase in market inquiries and a shift in the focus of the phthalic anhydride market. In addition, post holiday restocking has led to a volatile rise in phthalic anhydride prices. The price of industrial naphthalene has risen, supported by the cost of naphthalene phthalic anhydride. The price of naphthalene phthalic anhydride has also risen, providing support for the price of neighboring naphthalene phthalic anhydride. The actual transactions in the phthalic anhydride market are limited, and there is still downward pressure on the phthalic anhydride market. The price of phthalic anhydride has fallen from a high level.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, after the National Day holiday, the prices of isooctanol and phthalic anhydride surged, and the cost of plasticizer DOP increased; On the demand side, favorable policies have led to an increase in downstream market demand, resulting in higher expectations for the demand side of the plasticizer market. In addition, post holiday restocking has led to an increase in the price of plasticizer DOP. In the future, due to policy influence, the demand for DOP plasticizers in the market is relatively warm in the short term. Whether the policy can bring substantial improvement still needs to be verified. In the medium and long term, the plasticizer market mainly affects prices through supply and demand relationships, and the supply and demand in the plasticizer market are relatively balanced. It is expected that the price of DOP plasticizers will fluctuate and consolidate in the future.
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