The price of plasticizer DOP fluctuated and fell in February
According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the DOP price was 8326.25 yuan/ton, which first increased and then decreased by 2.92% compared to the DOP price of 8576.25 yuan/ton on February 1st. After the holiday, there was a brief increase in demand for DOP plasticizers, but as the replenishment ended, the demand for plasticizers decreased; The production of plasticizer DOP enterprises has fallen, and the supply of plasticizer DOP has tightened; The price of phthalic anhydride fluctuated and fell, while the price of isooctanol first rose and then fell. The cost of plasticizer DOP decreased, and the downward pressure on plasticizers increased.
The price of raw material isooctanol first rose and then fell in February
According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the price of isooctanol was 7666.67 yuan/ton, which first increased and then decreased by 1.71% compared to the price of 7800 yuan/ton on February 1st; Compared to February 15th, the price of isooctanol decreased by 4.37% to 8016.67 yuan/ton. The price of isooctanol has fluctuated and fallen, while the cost of plasticizer DOP has decreased; After the holiday, plasticizer companies temporarily replenished their inventory, and the demand for isooctanol increased first and then decreased, increasing the downward pressure on isooctanol.
Demand for plasticizers decreases in February
After the Spring Festival, downstream inventory replenishment led to a brief increase in demand for plasticizers; With the end of inventory replenishment, the demand for plasticizers has fallen, and coupled with the slow start of terminal demand, the demand for plasticizers is weak. The plasticizer industry is facing a certain degree of pressure to block inventory, and unsaturated resins and other downstream industries are also facing problems such as slow terminal pickup and insufficient consumption. The growth of plasticizer demand is slow, and the support for plasticizer rise is insufficient; Plasticizer companies are operating at a low level, and the supply of plasticizers is tight.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first rose and then fell, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP decreased; In terms of demand, the replenishment of inventory has ended, coupled with slow recovery of downstream production, resulting in a decrease in demand for plasticizers. In the future, with the decrease in costs and the tightening of supply and weak demand for plasticizers, it is expected that the price of DOP plasticizers will fluctuate and fall.
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