In March, the price of plasticizer DBP first fell and then rose

According to the Commodity Market Analysis System of Business Society, as of March 29th, the DBP price was 9375 yuan/ton, rebounding and increasing by 1.90% compared to the DBP price of 9200 yuan/ton on March 25th; Compared to March 1st, the DBP price dropped by 2.47% to 9612.5 yuan/ton. The raw material n-butanol stopped falling and rebounded, the price of isooctanol stopped falling and rebounded, and the cost of plasticizer DBP stopped falling and rising at the end of the month. Downstream manufacturers have temporarily stabilized production, while inventory levels remain stable. Downstream customers have average purchasing enthusiasm, and the demand for plasticizer DBP is weak. In March, DBP prices first fell and then rose.

The price of n-butanol stopped falling and rebounded in March

According to the Commodity Market Analysis System of Business Society, as of March 29th, the price of n-butanol was 7850 yuan/ton, rebounding and increasing by 1.51% compared to the price of n-butanol on March 25th, which was 7933.33 yuan/ton; Compared to March 1st, the price of n-butanol at 8383.33 yuan/ton decreased first and then increased, with a decrease of 6.36%. During the Spring Festival, downstream production of n-butanol has significantly declined, while n-butanol enterprises have maintained a relatively high level of production. The inventory of n-butanol manufacturers has accumulated, and the import volume of n-butanol has increased. As downstream production of n-butanol continues to recover, there is more inventory in the downstream, and the demand for n-butanol has rebounded. However, the inventory of n-butanol has remained high. In addition, the problem of n-butanol inventory accumulation in February has led to an oversupply in the n-butanol market. In March, the price of n-butanol continued its downward trend and continued to decline. Downstream customers were more eager to stock up on dips, and n-butanol manufacturers had a strong willingness to reduce inventory at low prices. At the end of the month, some n-butanol manufacturers were temporarily closed and did not sell, resulting in a decrease in n-butanol supply and a rebound in n-butanol prices; DBP cost support is increasing.

Isooctanol prices fluctuate and fall

According to the Commodity Market Analysis System of Business Society, as of March 29th, the quotation for isooctanol was 9825 yuan/ton, a decrease of 20.93% compared to the quotation of 12425 yuan/ton on March 1st; Compared to March 27th, the price of isooctanol increased by 2.61% to 9575 yuan/ton. In March, the price of isooctanol continued its downward trend in February and fell unilaterally. In March, the equipment of isooctanol enterprises resumed operation, and the supply of isooctanol increased. Imported isooctanol gradually arrived at ports from February to March, increasing the pressure on the supply of isooctanol; In terms of demand, downstream plasticizer manufacturers are operating at high loads, and there is an upward trend in demand for isooctanol. In addition, the increase in exports of isooctanol provides certain positive support for isooctanol. The supply and demand of isooctanol have increased, and the market for isooctanol remains weak. With the decrease in isooctanol inventory, the price of isooctanol has rebounded and risen. The cost of plasticizer DBP has increased.

Future expectations

Business Society plasticizer product data analysts believe that in terms of raw materials: n-butanol first fell and then rose, isooctanol prices rebounded and rose at the end of the month, and DBP raw material costs stopped falling and rose at the end of the month; In terms of supply, plasticizer DBP manufacturers operate stably under high load, with sufficient supply of DBP. As profits decrease, the expected operating load of plasticizer manufacturers decreases, and the willingness of low-priced plasticizer manufacturers to ship decreases; In terms of demand, downstream manufacturers are facing spring maintenance, with a decrease in expected operating load and a decrease in expected demand for plasticizers. In the future, the support for the rise of raw materials will increase; The supply expectation of plasticizer DBP manufacturers has decreased, and downstream PVC demand remains weak. It is expected that DBP prices will consolidate strongly in the future.