DOP prices stabilized after rising this week

According to the data monitoring of the business agency, the DOP price stabilized after rising this week, and the DOP market warmed up. As of March 11, the DOP price was 12975 yuan / ton, up 4.22% from the DOP price of 12450 yuan / ton on March 4; Compared with the DOP price of 11900 yuan / ton on March 1 at the beginning of the month, an increase of 9.03%.

The price of isooctanol fluctuated and rose this week

According to the price monitoring of business agency, the price of isooctanol in China rose this week. As of March 11, the price of isooctanol was 13633.33 yuan / ton, up 5.14% from 12966.67 yuan / ton on March 4. Since the release of the mitigation signal of the conflict between Russia and Ukraine on March 9, the rise in the price of isooctanol has slowed down. This week, the price of isooctanol fluctuated and rose, the cost of DOP rose, and the driving force of DOP rise was large. With the slowdown in the rise of isooctanol, the support for future DOP rise weakened.

Phthalic anhydride prices rose this week

According to the price monitoring of business society, the price of phthalic anhydride stabilized after rising this week. As of March 11, the price of phthalic anhydride was 9150 yuan / ton, up 7.96% from 8475 yuan / ton on March 4 last weekend. With the release of the news on the mitigation of the conflict between Russia and Ukraine, the price of crude oil plummeted and the rise of phthalic anhydride slowed down. On March 11, the price of phthalic anhydride was temporarily stable, the price of phthalic anhydride increased, the cost of DOP raw materials increased and the cost support was large; The price of phthalic anhydride stabilized, the support of DOP rise weakened, and the downward pressure remained.

Future expectations

According to DOP data analysts of business agency, the conflict between Russia and Ukraine has intensified, the price of crude oil has soared, the prices of DOP raw materials isooctanol and phthalic anhydride have risen, and the cost of DOP has risen; As the conflict between Russia and Ukraine is expected to ease, the price of crude oil has fallen sharply, the rise of isooctanol and phthalic anhydride has slowed down, the price of DOP raw materials has stabilized, and the upward momentum of DOP has weakened. In the future, the demand for plasticizers is temporarily stable, the upward momentum of DOP is weakened, and the downward pressure remains. It is expected that the price of DOP will stabilize.