Price trend
According to the data monitoring of SunSirs, the price of DOP fluctuated and adjusted this week, and the overall plasticizer DOP market remained stable. As of November 22, the price of DOP in East China was 7,833.33 RMB/ton, which was an increase of 0.23% from the beginning of the week (November 18) DOP price of 7,366.67 RMB/ton, and was 20.32% lower than the same period of last year.
Analysis review
Product: In November, DOP's external quotation rose, and DOP's quotation was good. Last week, the external quotation of DOP in China was stable; the external quotation of DOP in Southeast Asia was up $10 / ton last week, the external quotation of DOP plasticizer was up, and the domestic market of plasticizer was good.
Industrial chain: In terms of raw materials, this week, the price of DOP raw material phthalic anhydride rose in shock, the price of octanol rose in shock, and the price of phthalic anhydride and isooctanol rose in shock. The overall cost of DOP rose, which was good for DOP market, the driving force of DOP market rose, and DOP market rose in shock.
In terms of downstream demand, PVC market surged this week, and the downstream demand of DOP recovered. The future DOP market was good, but due to the small growth of PVC, the momentum of DOP rising was general.
Market outlook
According to data analyst of DOP of SunSirs, the prices of raw materials phthalic anhydride and isooctanol of plasticizer DOP rose sharply this week, the cost of DOP rose, and the market of DOP was favorable. Downstream, this week, PVC prices maintained a rising trend, DOP demand is good, DOP market has a rising but limited power. Generally speaking, the downward pressure of plasticizer DOP market weakens and the upward momentum increases, the demand of DOP rises, and the market of plasticizer DOP has the upward momentum and the momentum increases, but the upward momentum is difficult to support the sharp recovery of DOP market, and it is expected that the future DOP market will mainly fluctuate and maintain stability.
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