DOP prices fluctuated and consolidated in March

According to data monitoring by SunSirs, as of March 30, the price of DOP was 10,050 RMB/ton, an increase of 1.01% compared to the price of DOP of 9950 RMB/ton on March 1. Cost support remained, with the DOP market surging in March.

The price of raw material 2-EH fluctuates and rose

According to the price monitoring by SunSirs, as of March 30, the price of 2-EH was 9,642.86 RMB/ton, up 4.49% from the price of 9,228.57 RMB/ton on March 1. In March, the price of 2-EH fluctuated and increased, while DOP raw material cost support remained. DOP had a strong upward momentum. In April, there is an overhaul plan for 2-EH enterprises, and it is expected that the supply of 2-EH will decrease. In the future, 2-EH will have a strong upward momentum.

The market of raw material PA fluctuated and rose

According to the price monitoring by SunSirs, as of March 30, the quotation for OX method PA was 8,625 RMB/ton, an increase of 2.07% compared to the price of 8,450 RMB/ton on March 1. The price of OX rose, but the willingness to stand up for PA remained. In March, the market for PA remained stagnant, and the upward momentum for DOP in the future remained.

Import and export data statistics

According to the import and export data released by the customs, the cumulative export volume in January and February 2023 was 11,471.71 tons, a year-on-year increase of 55.18%. Due to the Spring Festival holiday, the export volume in January decreased year-on-year, but the volume remained at 5,179.38 tons. In February, exports returned to normal, and the export volume rebounded to 6,292.34 tons. In January and February, the export volume increased to varying degrees month-on-month. From January to February 2023, the cumulative import volume of DOP was 305.9 tons, a year-on-year decrease of 47.26%. Among them, the quantity in January was relatively small, only 99.44 tons. The import volume in January and February decreased significantly. DOP export data increased, import data decreased, and domestic plasticizer market supply decreased. Support for DOP growth remained.

Market outlook

According to DOP data analysts from SunSirs, in March, the price of 2-EH, a raw material for DOP, fluctuated and rose, while the market for PA remained stagnant after rising. After rising, the cost of DOP stabilized, and the price of DOP rose slightly. In the future, the maintenance of 2-EH enterprises will support the price increase, and the expectation of weak DOP demand remains. The positive import and export data will provide some support for domestic DOP prices. It is expected that the DOP prices will consolidate strongly in the future.

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