This week, the price of plasticizer DOP rebounded and rose

According to the Commodity Market Analysis System of SunSirs, as of September 13th, the price of plasticizer DOP was 8,501.25 RMB/ton, an increase of 0.44% compared to the DOP price of 8,463.75 RMB/ton on September 8th; Compared to the price of 8,726.25 RMB/ton on September 1st at the beginning of the month, the DOP price dropped by 2.58%. DOP prices rebounded and rose this week. Since September, the price of raw material 2-EH has continued to decline, the profit margin of plasticizer equipment has expanded, and the gross profit of downstream DOP products has increased compared to August. Driven by profits, the operating rate of downstream plasticizer enterprises has increased. This week, the price of raw material 2-EH rebounded and stopped falling, while the price of plasticizer DOP rebounded and rose.

DOP supply was expected to increase this week

With the continuous decline in 2-EH prices in September, the profit margin of plasticizer DOP devices has expanded, and the gross profit of downstream DOP products has increased compared to August. Driven by profits, the operating rate of downstream plasticizer enterprises has increased, and the expected supply of plasticizers has increased.

Raw material costs rebounded and rose

According to the Commodity Market Analysis System of SunSirs, as of September 13th, the price of 2-EH was 7,916.67 RMB/ton, an increase of 1.71% compared to the price of 7,800 RMB/ton on September 9th; Compared to September 1st at the beginning of the month, the price of 2-EH was 7,983.33 RMB/ton, a decrease of 0.83%. This week, the price of 2-EH rebounded and rose. This week, the production of 2-EH units has gradually resumed, and the supply of 2-EH has increased; The gross profit of downstream plasticizer DOP has increased, the operating rate of DOP has increased, the demand for 2-EH has increased, the supply and demand of 2-EH have increased, and the price of 2-EH has rebounded and risen.

According to the Commodity Market Analysis System of SunSirs, as of September 13th, the price of PA produced by OX was 7,362.50 RMB/ton, a decrease of 1.34% from the price of 7,462.50 RMB/ton on September 6th. This week, the price of OX was quoted at 7,400 RMB/ton, a decrease of 300 RMB/ton or 3.90% compared to last week. The cost of PA has decreased, and the PA market has declined. This week, the domestic price for OX method PA was 7,200-7,400 RMB/ton, while the domestic price for naphthalene based PA was 7,100-7,200 RMB/ton. Domestic PA plants operated at low loads, with frequent shutdowns of naphthalene based PA equipment and low load operation of OX method PA equipment. PA manufacturers were experiencing a shortage of goods and queuing up for shipments, resulting in a tight supply of PA and increased upward pressure on its price.

Market outlook

According to the data analyst of SunSirs's plasticizer products, in terms of cost, the price of 2-EH rebounded and rose this week, while the price of PA slightly decreased, and the cost of plasticizer DOP increased; In terms of supply, the expected increase in production by plasticizer DOP manufacturers has led to an increase in DOP supply. It is expected that the price of plasticizer DOP will strongly stabilize in the future.

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