Price trend
According to the Commodity Market Analysis System of SunSirs, as of August 12th, the price of plasticizer DOP was 9111 RMB/ton, a fluctuating decrease of 4.09% compared to the DOP price of 9500 RMB/ton on August 1st at the beginning of the month. The price of plasticizer DOP fluctuated and fell. With the arrival of the hot and rainy season, PVC has entered a seasonal off-season in the industry. The low demand for plasticizers in China, coupled with reduced exports, has led to a decline in demand for plasticizers and a decrease in the willingness of plasticizer manufacturers to operate. As a result, the plasticizer market is in a low season, with manufacturers operating at low levels and weak follow-up on actual sales. The demand for plasticizers is poor, and there is significant downward pressure on plasticizers.
Analysis review
The price of raw material isooctanol has dropped
According to the Commodity Market Analysis System of SunSirs, as of August 12th, the price of isooctanol was 9333.33 RMB/ton, a fluctuating decrease of 7.41% compared to the price of 9000 RMB/ton on August 1st. In August, the price of isooctanol fluctuated and fell, downstream factories purchased according to demand, plasticizers were in low season, downstream enterprises had poor enthusiasm for raw material procurement, Shandong large factories sold at a discount, and the market transaction center shifted downwards, increasing the downward pressure on isooctanol.
The price of raw material phthalic anhydride has slightly decreased
According to the Commodity Market Analysis System of SunSirs, the price trend of phthalic anhydride in the domestic phthalic anhydride market is weak and temporarily stable this week. As of August 12th, the price of phthalic anhydride in the phthalic anhydride market was 7875 RMB/ton, a slight decrease of 0.16% from the price of 7887.50 RMB/ton on August 1st. Domestic neighboring phthalic anhydride is priced at 7700-7900 RMB/ton before leaving the factory, while domestic naphthalene phthalic anhydride is priced at 7300-7400 RMB/ton before leaving the factory. This week, the industrial naphthalene price fluctuated and stabilized, the naphthalene phthalic anhydride market stabilized, the ortho benzene market fell, the cost support decreased, and the ortho benzene phthalic anhydride market fell.
Market outlook
According to the data analyst of SunSirs's plasticizer products, in terms of cost, the price of raw material isooctanol has fallen, the price of phthalic anhydride has slightly decreased, and the cost of plasticizer DOP has decreased; In terms of demand, during the off-season in downstream markets, the demand for plasticizers is weak, and the downward pressure on plasticizers is increasing. In the future, the cost of plasticizer raw materials will decrease, and downstream demand will be weak during the off-season. It is expected that the price of plasticizer DOP will fluctuate and fall in the future.
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