The price of plasticizer DOP has stopped rising and fallen back
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the DOP price was 8267.50 yuan/ton, a decrease of 0.10% from the high of 8284.17 yuan/ton on June 18th; Compared to June 13th, the DOP price of 8250.83 yuan/ton first rose and then fell, with an increase of 0.20%. This week, DOP prices fell from a high level, plasticizer companies increased their operating load, plasticizer production increased, raw material isooctanol prices first rose and then fell, phthalic anhydride prices fluctuated and rose, plasticizer costs first rose and then fell, and plasticizer prices fell from a high level.
The price of raw material isooctanol first rose and then fell
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of isooctanol was 7483.33 yuan/ton, a decrease of 2.12% from the price of 7566.67 yuan/ton on June 18th; Compared to June 13th, the price of isooctanol at 7390 yuan/ton first rose and then fell, with an increase of 1.26%. This week, the price of isooctanol first rose and then fell. The production of isooctanol enterprises increased this week, resulting in an increase in isooctanol production and supply. The support for the rise of isooctanol weakened, and the price of isooctanol stopped rising and fell back.
Raw material phthalic anhydride prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of June 20th, the price of phthalic anhydride in neighboring countries was 6933.33 yuan/ton, which fluctuated and increased by 0.24% compared to the price of phthalic anhydride on June 13th, which was 6916.67 yuan/ton. This week, the price of ortho benzene remained stable, while the price of industrial naphthalene fluctuated and rose. The cost support for phthalic anhydride increased, and the operating rate of phthalic anhydride enterprises decreased to 6.50%. The supply of phthalic anhydride decreased, and the downstream plasticizer market rose. The equipment operating load of plasticizer enterprises increased slightly, and the demand support for phthalic anhydride increased. Supply has decreased and demand has rebounded, leading to an increase in phthalic anhydride prices. The support of rising DOP raw material costs still exists.
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 rose, and the cost support of plasticizer DOP decreased; On the supply side, plasticizer companies have seen an increase in production, resulting in an increase in plasticizer output and supply. In the future, as supply increases and costs fall, it is expected that the price of plasticizer DOP will fluctuate and stabilize.