The price of plasticizer DOP fluctuated and rose in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the DOP price was 8576.25 yuan/ton, a fluctuating increase of 4.25% compared to the DOP price of 8226.25 yuan/ton on January 1st at the beginning of the month. The rise in raw material prices has led to an increase in the cost of plasticizer DOP. Stocking up before the Spring Festival has led to an increase in demand for plasticizers. Supported by rising costs and demand, there is a significant driving force for the increase in plasticizers.
The price of raw material isooctanol fluctuates and rises
According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the price of isooctanol was 7800 yuan/ton, a fluctuating increase of 2.63% compared to the price of 7600 yuan/ton on January 1st at the beginning of the month. The construction of new equipment and the high level of equipment construction in isooctanol enterprises have led to sufficient supply of isooctanol. With stocking before the Spring Festival, the demand for isooctanol has rebounded, resulting in a double increase in supply and demand. In January, the price of isooctanol fluctuated and rose.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol fluctuated and rose in January, the price of phthalic anhydride fluctuated and rose, and the cost of plasticizer DOP increased; In terms of demand, stocking up before the Spring Festival and replenishing inventory after the holiday will increase the support for plasticizer demand. In the future, after the Spring Festival, the replenishment of inventory will end, and the demand for raw materials such as isooctanol and plasticizers will decrease, resulting in weakened cost support for plasticizers and weak demand; It is expected that the price of plasticizer DOP will slightly decline in the future.
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