The price of plasticizer DOP fluctuated and fell in December

According to the Commodity Market Analysis System of SunSirs, as of December 31st, the DOP price was 8,226.25 RMB/ton, a fluctuating decrease of 8.99% compared to the DOP price of 9,038.75 RMB/ton on December 1st. The price of 2-EH had fluctuated and fallen, the price of raw materials had fallen, and the cost of plasticizers had decreased. However, the downward trend of DOP was slower than that of 2-EH. The profit of plasticizer DOP was high, and the enthusiasm of plasticizer enterprises to start production was high. The operating rate of plasticizers was high, and the supply of plasticizers was sufficient. During the off-season of downstream PVC, the demand for plasticizers was average, and the risk of excess inventory of plasticizer DOP was increasing, resulting in fluctuating prices of plasticizer DOP.

Downstream demand was lukewarm

Downstream PVC product enterprises have low production rates, and the downstream market was traditionally off-season, resulting in a decrease in downstream PVC production. The winter in the north continued, and the demand for plasticizers was weak; The downstream market was declining, and the downward pressure on plasticizers was increasing.

Raw material prices fluctuate and fall

According to the Commodity Market Analysis System of SunSirs, as of December 31st, the price of 2-EH was 7,600 RMB/ton, a fluctuating decrease of 16.79% compared to the price of 9,133.33 RMB/ton on December 1st. In December, the production of 2-EH enterprises remained stable at a high level, and coupled with the continuous production of 2-EH capacity, the supply of 2-EH increased significantly in December. The downstream demand increment was not as significant as the increment of 2-EH, and there was an oversupply of 2-EH, which increased the downward pressure on 2-EH. In December, the price of 2-EH fluctuated and fell.

Market outlook

According to the data analyst of SunSirs' plasticizer products, in terms of cost, the price of 2-EH dropped significantly in December, the price of PA fluctuated and fell, and the cost of plasticizer DOP decreased; In terms of demand, during the off-season of the market, downstream PVC companies had seen a decrease in production, resulting in average demand for plasticizers; On the supply side, plasticizer companies had high profits, and their enthusiasm for starting production had increased. However, plasticizer companies were operating at high levels, resulting in an oversupply of plasticizers. In the future, the price of raw material 2-EH had dropped significantly, and the cost of plasticizers had decreased; In addition, with an increase in supply and a decrease in demand, it is expected that the price of plasticizer DOP will fluctuate and fall.

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