SunSirs: Cost Declined, DOP Price Fluctuated and Fell This Week

This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of December 16th, the DOP price was 8,576.25 RMB/ton, a fluctuating decrease of 2.83% compared to the DOP price of 8,826.25 RMB/ton on December 9th. The price of 2-EH has fluctuated and fallen, the cost of plasticizers has decreased, and the enthusiasm of plasticizer enterprises to start production has increased. The operating rate of plasticizers was high, and the supply of plasticizers was sufficient. The downstream PVC off-season was approaching, the demand for plasticizers was falling, the risk of excessive inventory of plasticizer DOP was intensifying, and the price of plasticizer DOP is fluctuating and falling.

Downstream demand was lukewarm

Downstream PVC product enterprises had low production rates, and the downstream market was traditionally off-season, resulting in a decrease in downstream PVC production. The weather in the north was gradually turning cold, and demand was weak; The downstream market was declining, and the downward pressure on plasticizers was increasing.

The cost of raw materials fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of December 16th, the price of 2-EH was 8,200 RMB/ton, a fluctuating decrease of 4.65% compared to the price of 8,600 RMB/ton on December 9th. 2-EH enterprises started production at a high level and remained stable. In addition, 2-Eh production capacity was gradually put into operation in December, resulting in a significant increase in 2-EH supply 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 and caused its price to fluctuate and fall.

Market outlook

According to the data analyst of SunSirs' plasticizer products, in terms of cost, the price of 2-EH has fluctuated and fallen, the price of PA has fluctuated and fallen, and the cost of plasticizer DOP has decreased; In terms of demand, the off-season was approaching, and downstream production and inventory were expected to decrease, leading to a decline in demand for plasticizers; On the supply side, plasticizer companies had high profits, and their enthusiasm for starting work has increased. With high starting work, the supply of plasticizers has increased. In the future, the prices of raw materials will decline, and the cost of plasticizers will decrease; The off-season is approaching, with a decrease in demand, cost reduction, and weak demand. Coupled with oversupply, it is expected that the price of plasticizer DOP will fluctuate and fall in the future.

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