Price Trend
According to business association data monitoring, DOP prices fell after the festival, plasticizer Market weakened. As of October 12, the price of DOP in East China was 7600.00 yuan/ton, down 316.67 yuan/ton, or 4.00%, from 7916.67 yuan/ton before the festival (September 30), and 21.72% from the same period last year.
II. Market Analysis
Product analysis
Name of Commodity, Port, Weekly Price, Weekly Price, Rise or Fall, Price Type, Unit
DOP China 950.00 965.00-10.00 CFR USD/T
DOP South-East Asia 1180.00 1200.00-20.00 CFR USD/T
2010.10 Business Association www.100ppi.com
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From the table, we can see that after the festival, DOP external quotation fell concussively and DOP market was negative. This week, China’s DOP external quotation quoted 950.00 yuan/ton, a slight drop of 10 US dollars/ton from last week’s external quotation; Southeast Asia’s DOP external quotation quoted 1180 US dollars/ton on October 12, a drop of 20 US dollars/ton from last week’s external quotation, plasticizer DOP external quotation fell; plasticizer enterprise DOP equipment start-up rate maintained, overall plasticizer DOP market increased.
Analysis of Industrial Chain
In terms of raw materials, after the festival, the price trend of DOP raw material phthalic anhydride dropped sharply, octanol price dropped sharply, overall DOP cost fell, DOP fell under greater pressure, and DOP price shocks fell. However, with the price of crude oil rising sharply and price pressure conducting downstream, the cost of DOP has increased, and the plasticizer DOP in the future has a certain upward momentum.
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In terms of downstream demand, the recent volatility adjustment of PVC market after the festival resulted in a slight decline in volatility. Downstream PVC market shocks fell, DOP demand declined, overall DOP market in the future negative, DOP downward pressure still exists.
3. Future Market Forecast
Bai Jiaxin, a DOP data analyst, believes that after the festival DOP raw material phthalic anhydride and plasticizer prices fell sharply, DOP costs fell, PVC prices fell slightly, DOP demand was not good, increasing DOP downward pressure, DOP market in the future was negative. Recently, crude oil prices have risen and cost pressures are transmitted downstream. DOP market still has a certain upward momentum, but the overall downward pressure of plasticizer DOP market still exists, the upward momentum is insufficient, plasticizer market is difficult to rise substantially. Expected future DOP market shocks adjustment.
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