DOP price wave adjustment in September

According to the data monitoring of the business community, affected by the off-season, the low DOP price in the third quarter was adjusted by shocks. With the arrival of the golden nine and silver ten, the DOP price should have changed its declining trend and reached a new high. However, the spot transaction remained sluggish, and the rise of DOP was weak. As of September 29, the DOP price was 10080 yuan/ton, up 0.30%% from 10050 yuan/ton on September 1 at the beginning of the month. In September, the DOP price wave was adjusted, and the DOP market rose weakly. As a whole, the DOP price stabilized in September.

The price of isooctanol fell slightly in September

According to the price monitoring of the business community, the price of isooctanol dropped in September. As of September 29, the price of isooctanol was 8866.67 yuan/ton, down 2.92% from 9133.33 yuan/ton on September 1 at the beginning of the month. The price of isooctanol fell, the cost of DOP fell, and the positive support of DOP weakened.

The price of phthalic anhydride stabilized after rising in September

According to the price monitoring of the business community, the price of phthalic anhydride stabilized after rising in September. As of September 29, the price of phthalic anhydride was 10300 yuan/ton, up 18.05% from 8725 yuan/ton on September 1 at the beginning of the month. Due to the double impact of the soaring price of raw materials and the increasing maintenance of phthalic anhydride enterprises, the spot supply of domestic phthalic anhydride is tight, and the price trend of phthalic anhydride has risen significantly. However, since the late ten days, the price of phthalic anhydride has stabilized, the cost of DOP raw materials in the future market has stabilized, and the impetus for DOP to rise has weakened.

Domestic PVC output

According to the data released by the National Bureau of Statistics, in August 2022, the output of primary morphoplastic decreased by 2.6% year on year; From January to August, the output of primary form plastics totaled 73.78 million tons, up 0.6% year on year; In August, the output of plastic products was 6.441 million tons, down 6.9% year on year. From January to August, the output of plastic products was 5054.7 tons, down 4.9%. The output of PVC products in the downstream declined, the demand for plasticizers declined, the demand for DOP was insufficient, and the downward pressure on DOP was large.

Future market expectation

According to the DOP data analysts of the business community, the price of phthalic anhydride rose sharply in terms of raw materials. Although the price of isooctanol fell slightly, the overall price stabilized, the cost of DOP rose, and the impetus for DOP to rise increased; However, in late September, the price of phthalic anhydride became stable, the price of isooctanol fell slightly, the cost of DOP became stable, and the upward momentum of DOP weakened. In terms of demand, the output of PVC products declined from January to August, the demand for plasticizers was insufficient, and the downward pressure on DOP was great. The central banks of the United States and the seven European and African countries raised interest rates, and a series of radical policies intensified the market’s concern about the global economic outlook. PVC demand in September was lower than expected. The peak season is not strong, and the demand for plasticizers remains weak. In the future, the DOP cost tends to be stable and the demand is weak. It is expected that the DOP price will fluctuate and consolidate in the future.