This week, the price of plasticizer DOP hit bottom and rebounded

According to the Commodity Market Analysis System of Shengyi Society, as of August 16th, the price of plasticizer DOP was 9051 yuan/ton, which fluctuated and fell by 2.16% compared to the DOP price of 9251 yuan/ton on August 9th last weekend; Compared to August 15th, the DOP price of 9001 yuan/ton hit the bottom and rebounded, with an increase of 0.56%. Jin Jiu is approaching, and terminal demand is slowly recovering. The order situation has slightly increased, and the market sentiment is showing positive expectations. The weather has turned cooler, and the willingness of injection molding industry terminals to stock up has increased. The construction and infrastructure industry is expected to slowly recover in September, and the demand for plasticizers has rebounded. The price of plasticizer DOP has hit the bottom and rebounded.

Raw material isooctanol prices hit bottom and rebounded

According to the Commodity Market Analysis System of Shengyi Society, as of August 16th, the price of isooctanol was 8300 yuan/ton, a fluctuating decrease of 4.60% compared to the price of 8700 yuan/ton on August 9th last weekend; Compared to August 15th, the price of isooctanol rebounded and rose by 0.40% to 8266.67 yuan/ton. Part of the isooctanol manufacturers are undergoing maintenance, and during the weekend, the isooctanol from the Luxi manufacturer was sealed, resulting in a decrease in supply and an increase in pressure for isooctanol supply; The demand for plasticizers is expected to rebound, downstream enterprises are expected to increase their enthusiasm for raw material procurement, and manufacturers of isooctanol are more willing to raise prices. The support for the price increase of isooctanol is increasing, and the price of isooctanol has hit the bottom and rebounded.

The price of raw material phthalic anhydride has fluctuated and fallen

According to the Commodity Market Analysis System of Shengyi Society, the price trend of phthalic anhydride in the domestic phthalic anhydride market fluctuated and fell this week. As of August 16th, the price of phthalic anhydride in the phthalic anhydride process was 7850 yuan/ton, which was a fluctuation of 0.32% compared to the price of 7875 yuan/ton on August 9th. Domestic neighboring phthalic anhydride is priced at 7700-7800 yuan/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7300-7400 yuan/ton before leaving the factory. This week, the price of industrial naphthalene fluctuated and rose, while the naphthalene phthalic anhydride market remained strong and stable. The ortho benzene market fell, and cost support decreased, resulting in a decline in the ortho benzene phthalic anhydride market. The demand for plasticizers is expected to rebound, and the support for the rise of phthalic anhydride still exists. The downward space for phthalic anhydride is limited, and there is a strong willingness to build a bottom for phthalic anhydride.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has bottomed out and rebounded, while the price of phthalic anhydride has a strong willingness to bottom out. Therefore, the expected cost rebound of plasticizer DOP has been adjusted; In terms of demand, Jinjiu is approaching, and terminal demand is slowly recovering. The demand for plasticizers is expected to rebound, and the support for the rise in plasticizers is increasing. In the future, the cost of plasticizer raw materials has bottomed out and rebounded, and downstream demand is expected to rebound. It is expected that the price of plasticizer DOP will fluctuate and rise in the future.