Price Trend
According to the monitoring data of business associations, DOP prices rose first and then fell in July, and the DOP market shocked and adjusted. As of July 31, the price of DOP in East China was 7100.00 yuan/ton, down 133.33 yuan/ton from 7233.33 yuan/ton at the beginning of the month, or 1.84%, or 20.60% from the same period last year.
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II. Market Analysis
Product Analysis
In July, DOP external quotation shocks adjustment, overall for plasticizer DOP external quotation shocks rise, DOP market has a certain advantage. DOP price in China is 905 US dollars/ton at the beginning of the month, 915 US dollars/ton at the end of the month, up 10 US dollars/ton, DOP price in Southeast Asia is stable; DOP equipment start-up rate of plasticizer enterprises is maintained, demand is normal, price fluctuation of raw materials is rising, overall plasticizer DOP market is good, DOP price in the future has a certain upward momentum.
Analysis of Industrial Chain
For raw materials, octanol and phthalic anhydride prices of DOP raw materials rose first and then fell in July, the same trend as that of DOP. The price of phthalic anhydride began to rise at the end of the month, octanol also stopped falling, DOP raw materials may increase in the future, raw materials prices rise to drive the DOP market up, and from the perspective of raw materials prices, the decline of phthalic anhydride and octanol are less than the decline of DOP, DOP market does not have downward pressure, DOP market momentum for future increases. It is expected that the market will rise after DOP.
On the downstream demand side, the price fluctuation of PVC remained stable in July, while the demand for PVC remained stable. Overall, the DOP market in the future is limited.
3. Future Market Forecast
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Bai Jiaxin, a DOP data analyst at business associations, believes that raw material prices are on the rise, DOP costs will rise in the future, and DOP momentum will increase in the future. In August, the execution price of Sinopec o-phthalic acid increased, the market was good for phthalic anhydride and plasticizer, and the momentum of DOP price increase in the future market. In terms of demand, the overall market of plastics industry remained stable, while the market for plasticizer was limited. On the external market, DOP price shocks remain stable and have limited positive effects on DOP. The overall DOP market is better than negative. There is a certain momentum for future market to rise, but there is little room for increase. It is expected that DOP prices will rise slightly in the future.