SunSirs: DOP Prices Fluctuated and Stabilized This Week

This week, DOP prices had fluctuated and stabilized

According to the Commodity Market Analysis System of SunSirs, as of October 25th, the price of plasticizer DOP was 9,226.25 RMB/ton, which fluctuated and increased by 0.14% compared to the DOP price of 9,213.75 RMB/ton on October 18th last weekend; Compared to the DOP price of 8,988.75 RMB/ton on October 1st, the price first rose and then fell, with a 2.64% increase. The price of 2-EH was fluctuating and stabilizing, DOP costs were temporarily stable, DOP manufacturers had orders for sales, downstream demand and procurement were generally active, DOP manufacturers had stable high production levels, DOP supply was sufficient, supply and demand were relatively balanced, and the price of plasticizer DOP was fluctuating and stabilizing.

Downstream demand was expected to rebound

Policy favorable, macroeconomic sentiment rising, October coming to an end, downstream demand falling, downstream operating load relatively stable, market recovery, expected increase in demand for plasticizers market.

Raw material costs fluctuated and stabilized

According to the Commodity Market Analysis System of SunSirs, as of October 25th, the price of 2-EH was 9,200 RMB/ton, which fluctuated and stabilized compared to the price of 2-EH on October 18th last weekend; Compared to the price of 2-EH at 8,706.67 RMB/ton on October 1st, the price first rose and then fell, with an increase of 5.67%. This week, the supply and demand of 2-EH are relatively balanced, with expected sales of orders from 2-EH manufacturers. The market support for 2-EH still exists, and the price of 2-EH is fluctuating and consolidating.

According to the Commodity Market Analysis System of SunSirs, as of October 25th, the price of OX method P was 7,175 RMB/ton, a decrease of 1.54% from the price of 7,287.50 RMB/ton on October 18th; Compared to October 1st, the price of PA at 7,200 RMB/ton first rose and then fell, with a decrease of 0.35%. This week, the production of PA equipment had been stable, and the supply of PA was sufficient. However, the actual transactions in the PA market were limited, resulting in oversupply and significant downward pressure on PA prices; The price of OX was temporarily stable, the cost of OX method PA was stabilizing, the price of industrial naphthalene was temporarily stable, and the cost support of naphthalene based PA still existed. The overall price of PA had fluctuated and fallen.

Market outlook

According to the plasticizer products data analyst of SunSirs, in terms of cost, the price of 2-EH was fluctuating and stabilizing, while the price of PA was fluctuating and falling, and the cost of plasticizer DOP was weakly stabilizing; In terms of demand, downstream procurement enthusiasm was average, and the demand for plasticizers was declining. In the future, the prices of raw materials will decline, and the cost of plasticizers will decrease; Under policy support, the market for plasticizer DOP is expected to rebound, with high operating loads from plasticizer manufacturers and sufficient supply of DOP, resulting in a balanced supply and demand in the plasticizer market. It is expected that the price of plasticizer DOP will fluctuate and consolidate in the future.

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