This week, the price of plasticizer DOP has stopped falling and stabilized
According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of plasticizer DOP was 9213.75 yuan/ton, a decrease of 0.81% from the DOP price of 9288.75 yuan/ton on October 11th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.50% increase. Plasticizers will be replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP has fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers, the price of plasticizer DOP stabilized after falling.
Downstream demand is expected to rebound
With favorable policies and rising macroeconomic sentiment, coupled with the peak demand season for downstream plastics such as agricultural film, the downstream market is recovering, and the demand for plasticizers in the market is expected to increase.
Raw material costs stabilize after falling
According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of isooctanol was 9200 yuan/ton, a decrease of 1.43% from the price of 9333.33 yuan/ton on October 11th last weekend; Compared to October 1st, the price of isooctanol at 8706.67 yuan/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of isooctanol has ended, and the price of isooctanol has fallen from a high level. The macroeconomic environment has rebounded, and demand support still exists. The equipment production of isooctanol manufacturers has increased, and the supply of isooctanol is sufficient. The price of isooctanol has stabilized after stopping the decline.
According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of phthalic anhydride in neighboring countries was 7287.50 yuan/ton, a decrease of 1.35% from the price of 7387.50 yuan/ton on October 11th; Compared to October 1st, the price of phthalic anhydride at 7200 yuan/ton first increased and then decreased, with a rise of 1.22%. After the National Day holiday, the replenishment of inventory ended and the price of phthalic anhydride fell. The production of phthalic anhydride equipment has increased, the supply of phthalic anhydride is sufficient, and the actual transactions in the phthalic anhydride market are limited. The downward pressure on the phthalic anhydride market still exists, and the price of phthalic anhydride has fluctuated and fallen.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has stopped falling and stabilized, the price of phthalic anhydride has fluctuated and fallen, and the cost of plasticizer DOP has stabilized after falling; In terms of demand, favorable policies have led to an increase in downstream market demand, and expectations for the demand side of the plasticizer market have risen. In the future, raw material prices will decline, plasticizer costs will decrease, and plasticizer DOP prices will decrease; Positive policies have led to an expected increase in demand for plasticizer DOP in the market, an increase in operating load for plasticizer manufacturers, an increase in DOP supply, and a dual increase in supply and demand. The supply and demand in the plasticizer market are relatively balanced, and it is expected that the price of plasticizer DOP will fluctuate and consolidate in the future.
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