Price Trend
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DOP prices have tumbled this week and the DOP market has been weak, according to business data monitoring. As of July 27, the price of DOP in East China was 7166.67 yuan/ton, down 350.00 yuan/ton from 7516.67 yuan/ton at the beginning of the week, or 4.66%, or 19.85% from the same period last year.
II. Market Analysis
Product Analysis
This week, DOP external quotation shock adjustment, overall plasticizer DOP external quotation rise, good for DOP market. DOP external offer in China is 940 US dollars/ton, up 35 US dollars/ton, price in Southeast Asia is down 5 US dollars/ton; DOP equipment start-up rate of plasticizer enterprises is maintained, manufacturer stock is limited, demand is general, overall plasticizer DOP market is negative, DOP price in the future has a certain downward pressure.
Analysis of Industrial Chain
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In terms of raw materials, as can be seen from the chart, the prices of octanol and phthalic anhydride, raw materials for DOP have fallen sharply this week, the cost of DOP has fallen sharply, and the market for DOP has fallen sharply. The decline of raw materials has affected the market of plasticizers. The overall DOP market in the future is lack of momentum to rise, and the pressure to fall is increased. It is expected that the DOP market will be mainly shocked and declined.
In terms of downstream demand, the price of PVC was stable this week, and the demand for PVC was stable. Overall, the DOP market in the future is good and limited, DOP downward pressure still exists.
3. Future Market Forecast
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Bai Jiaxin, a DOP data analyst at business associations, believes that raw material prices are weak, DOP costs are falling, and DOP downward pressures remain in the future. And in the short term, the rise of raw materials market may not be large, the pressure of DOP market decline continues, which has a significant impact on DOP market. In terms of demand, the overall market of the plastic industry is stable, the market for plasticizers is limited, the overall DOP market is more bearish than bearish, the downward pressure is greater, and DOP price volatility is expected to fall in the future.