DOTP prices rose first and then fell this week

According to the data monitoring of the business community, as of September 26, the DOTP price was 10075 yuan/ton, down 1.83% from the DOTP price of 10262.50 yuan/ton on September 18 last weekend; It was down 2.89% from the DOTP price of 10375 yuan/ton on September 20. The positive support weakened, and the DOTP price rose first and then fell this week.

Domestic DOTP import and export volume

According to the data released by the customs, the export volume of DOTP in 2022 will be almost zero, while the import volume will increase significantly. In August, China’s DOTP import volume was 4082 tons, up 58.4% year on year. From January to August, the cumulative import volume rose 60.4% year on year; Imports increased significantly, and DOTP supply increased. The large increase of DOTP imports has aggravated the oversupply of the domestic DOTP market. However, the proportion of imported goods in the domestic DOTP market is small, but the impact on the domestic market is limited. The overall increase in imports has a negative impact on the domestic DOTP market.

The price of raw materials fluctuated and fell

According to the price monitoring of the business community, the price of isooctanol dropped sharply this week. As of September 26, the price of isooctanol was 8866.67 yuan/ton, down 6.01% from 9433.33 yuan/ton on September 18 last weekend. The price of isooctanol fell this week, the cost of DOTP fell, and the benefits of DOTP weakened.

According to the price monitoring of the business community, the PTA price fell in shock this week, and the PTA market fell. As of September 26, the PTA price was 6387.50 yuan/ton, down 4.87% from the PTA price of 6714.55 yuan/ton on September 18 last weekend. Crude oil price fell this week, PTA cost fell, PTA price fell in shock, DOTP cost fell, and DOTP positive support weakened.

Future market expectation

According to the DOTP data analysts of the business agency, the price of DOTP raw materials fell sharply this week, the cost of DOTP fell, and DOTP failed to continue the rising trend of last week. In addition, the increase in import supply has intensified the oversupply of domestic DOTP, and the negative impact on the DOTP market has increased. In the future, the demand for cost reduction is insufficient, and the DOTP price is expected to fall slightly.