After the festival, DOP prices rose sharply and then fell back
According to the data monitoring of SunSirs, as of October 12, the DOP price was 10,450 RMB/ton, up 3.26% from the price of 10,120 RMB/ton on October 1 at the beginning of the month; Compared with the DOP price of 10,480 RMB/ton on October 11, it decreased slightly by 0.29%. After the festival, the DOP price rose sharply, but due to poor demand, the downstream customers' receptivity was insufficient, and the high DOP price fell back.
After the festival, the price of 2-EH rose and then fell back
According to the price monitoring of SunSirs, the price of 2-EH rose first and then fell after the festival. As of October 12, the price of 2-EH was 9,200 RMB/ton, up 2.99% from the price of 8,933.33 RMB/ton on October 1 at the beginning of the month; the price of 2-EH dropped by 1.43% compared with the price of 9,333.33 RMB/ton on October 10. After the festival, enterprises replenished more stocks, the price of 2-EH rose, but the downstream demand was poor, the support for the rise of 2-EH was insufficient, and the price of 2-EH fell under pressure.
The price of PA hit a new high again after the festival
According to the price monitoring of SunSirs, the price of PA was 10,575 RMB/ton as of October 12, up 2.67% from the price of 10,300 RMB/ton on October 1 at the beginning of the month. After the festival, PA enterprises had a lot of maintenance. The price of o-xylene rose sharply, and the supply of PA was tight. Supported by the cost, the PA price hit a new high again after the festival. The cost of DOP rose, and the impetus for DOP growth remained.
PVC prices rose slightly after the festival
According to the price monitoring of SunSirs, the PVC price was 6,332.86 RMB/ton as of October 12, up 1.07% from the price of 6,265.71 RMB/ton on October 1 at the beginning of the month. After the festival, PVC prices rose slightly, and DOP demand recovered slightly, but overall DOP demand remained low.
Market outlook
According to the DOP data analysts of SunSirs, in terms of raw materials, the prices of 2-EH and PA rose sharply after the festival; The cost of DOP rose and the price of DOP rose sharply. However, in terms of demand, the rise of PVC was small, the recovery of DOP demand was limited, and the rise of DOP was not supported enough. In the future, the downstream has a low acceptance of high price DOP, the domestic economic recovery is less than expected, the demand growth is not good, and the future DOP price is expected to fall slightly.
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