This week, the price of plasticizer DOP hit bottom and rebounded
According to the Commodity Market Analysis System of Shengyi Society, as of May 16th, the DOP price was 8200.83 yuan/ton, a rebound increase of 4.35% compared to the DOP price of 7859.17 yuan/ton on May 12th. The operating rate of DOP plasticizer enterprises has temporarily stabilized, the China US economic and trade talks have begun, tariffs have temporarily eased, the demand for plasticizers is expected to increase, the price of isooctanol has rebounded and risen, the price of phthalic anhydride has fluctuated and risen, the cost of plasticizers has risen, and the support for the price increase of plasticizers has increased.
Positive news for China US economic and trade negotiations
The Geneva Economic and Trade Talks between China and the United States announced on the 12th that the US has cancelled a total of 91% of the additional tariffs, and China has correspondingly cancelled 91% of the countermeasures tariffs; The United States has suspended the implementation of a 24% “equivalent tariff”, and China has correspondingly suspended the implementation of a 24% counter tariff. The equivalent tariff rate between the two countries will be reduced to 10% within 90 days. After taking the above measures, both sides will establish a mechanism to continue negotiations on economic and trade relations. The economic and trade talks between China and the United States have begun, and international trade is expected to rebound, with an expected increase in demand for plasticizers.
This week, the price of raw material isooctanol rebounded and rose
According to the Commodity Market Analysis System of Shengyi Society, as of May 16th, the price of isooctanol was 7443.33 yuan/ton, which rebounded and increased by 3.62% compared to the price of 7183.33 yuan/ton on May 12th. During the China US economic and trade talks, tariffs have temporarily eased, and demand for isooctanol is expected to rebound, causing the price of isooctanol to bottom out and rebound; Isooctanol manufacturers are operating steadily, with sufficient supply of isooctanol. Stable supply and rising demand have led to fluctuating prices of isooctanol.
This week, the price of raw material phthalic anhydride rebounded and rose
According to the Commodity Market Analysis System of Shengyi Society, as of May 16th, the price of phthalic anhydride in neighboring countries was 7066.67 yuan/ton, which rebounded and increased by 1.44% compared to the price of phthalic anhydride on May 12th at 6966.67 yuan/ton. The resumption of equipment construction in phthalic anhydride enterprises, sufficient supply of phthalic anhydride, expected recovery of downstream demand, increased support for phthalic anhydride demand, and a rebound in phthalic anhydride prices.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has rebounded and risen, the price of phthalic anhydride has rebounded and risen, and the cost of plasticizer DOP has increased; In terms of demand, the economic and trade negotiations between China and the United States, the suspension of tariffs, are favorable for international trade, and the demand for plasticizers is expected to rebound. In the future, there is a glimmer of hope in the US China trade negotiations, and downstream demand is expected to rebound. With cost support and the expectation of demand recovery, it is expected that the price of plasticizer DOP will consolidate strongly in the future.