The price of plasticizer DOP fluctuated and fell in August
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the DOP price was 7809.16 yuan/ton, a fluctuating decrease of 1.84% compared to the DOP price of 7955.83 yuan/ton on August 1st. In August, DOP production increased to 6.6%, plasticizer production increased, and plasticizer prices fluctuated and fell; Downstream demand is unlikely to improve, and there is a lack of interest in DOP procurement inquiries. DOP demand remains weak. The price of raw material isooctanol fluctuated and fell, the price of phthalic anhydride fluctuated and fell, and the cost support of plasticizers decreased. The reduction in supply leads to a decrease in costs, and the price of plasticizers fluctuates and falls.
The price of raw material isooctanol fluctuated and fell in August
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the price of isooctanol was 7383.33 yuan/ton, a fluctuating decrease of 1.99% compared to the price of 7533.33 yuan/ton on August 1st. In August, the price of isooctanol fluctuated and fell, the cost of plasticizers decreased, and the downward pressure on DOP increased.
The price of raw material phthalic anhydride fluctuated and fell in August
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the price of phthalic anhydride in neighboring countries was 6533.33 yuan/ton, a fluctuating decrease of 1.75% compared to the price of 6650 yuan/ton on August 1st. On August 12th, the price of phthalic anhydride was quoted at 6500 yuan/ton, a decrease of 4.41% compared to the beginning of the month. The cost of phthalic anhydride has decreased, and there have been more equipment maintenance in August. The operating rate of phthalic anhydride enterprises has slightly decreased, and the supply of phthalic anhydride is still sufficient. The equipment operating load of downstream plasticizer enterprises has increased, and the demand support for phthalic anhydride still exists. The cost has decreased, and the price of phthalic anhydride fluctuated and fell in August.
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 supply side, plasticizer enterprises have resumed production, increasing plasticizer output and supply; In terms of demand, the overall economy is sluggish, coupled with anti competition and the elimination of outdated production capacity, resulting in weak downstream demand. Overall, with an increase in supply and a decrease in costs, coupled with continued weak demand, it is expected that the price of plasticizer DOP will fluctuate and fall in the future.