The price of plasticizer DOP fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 9th, the DOP price was 8192.50 yuan/ton, a fluctuating decrease of 1.16% from the April 1st DOP price of 8288.75 yuan/ton. Plasticizer DOP enterprises are operating at a high level, and the supply of plasticizer DOP is sufficient; The price of phthalic anhydride fluctuated and fell, the price of isooctanol fluctuated and fell, the cost of plasticizer DOP decreased, and the support for plasticizer rise weakened, increasing downward pressure.
The price of raw material isooctanol fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 9th, the price of isooctanol was 7600 yuan/ton, a fluctuating decrease of 1.94% compared to the price of 7750 yuan/ton on April 1st. The equipment of isooctanol enterprises is operating at a high level, and isooctanol manufacturers have sufficient supply; Plasticizer manufacturers have stable production, but demand for isooctanol has weakened, resulting in fluctuating prices and increased downward pressure on isooctanol.
The price of raw material phthalic anhydride fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 9th, the price of phthalic anhydride in neighboring countries was 7383.33 yuan/ton, a fluctuating decrease of 0.67% compared to the price of 7433.33 yuan/ton on April 1st. The equipment operating load of phthalic anhydride manufacturers remains low and stable, coupled with weak downstream demand, the support for phthalic anhydride price increases has weakened, and phthalic anhydride prices have fluctuated and fallen. The cost support of plasticizer raw materials has decreased.
Tariffs raise concerns about worsening downstream demand for plasticizers
Domestic end users have resumed production, but the increase in new orders is slow, and many end users have available raw material inventory, resulting in slow digestion of DOP market supply. In March, the increase in export market eased domestic supply pressure. In April, the US increased tariffs on Chinese goods, causing market concerns. At the same time, the purchasing sentiment of foreign trade enterprises towards the DOP market sharply cooled down. Under the bearish sentiment in the market, domestic trade demand also weakened, and the market buying atmosphere plummeted. Market inventory increased, and downstream demand weakened, resulting in sufficient supply.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has fluctuated and fallen, and the cost of plasticizer DOP has decreased; On the demand side, downstream production is slowly recovering, coupled with the impact of US tariffs, the weak demand for plasticizers is intensifying; On the supply side, the expected operating load of DOP enterprises has decreased, and the expected supply of DOP has weakened. In the future, with the decrease in costs and weakened supply, coupled with the worsening weak demand for plasticizers, it is expected that the price of plasticizer DOP will fluctuate and fall in the future.
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