The price of DOP rose in shock this week
| PVA 1788 (PVA BP17) |
According to the data monitoring of the Business Agency, as of March 6, the price of DOP was 10020 yuan/ton, up 0.80% from the price of 9940 yuan/ton on February 27. This week’s cost support remained, DOP production enterprises started to resume, and this week’s DOP market fluctuated and rose.
The price of raw material isooctanol rose in shock
| PVA |
According to the price monitoring of the Business Agency, as of March 6, the price of isooctanol was 9471.43 yuan/ton, up 4.46% from 9066.67 yuan/ton on February 27. Downstream demand is slowly recovering, and downstream customers are often looking for bargains to replenish stocks. This week, the price of isooctanol fluctuated and rose, the cost of DOP raw materials rose, and the rising power of DOP increased.
The market of raw material phthalic anhydride fluctuated and rose
According to the price monitoring of the business agency, as of March 6, the price of ortho phthalic anhydride was 8475 yuan/ton, up 1.80% from the price of 8325 yuan/ton on February 27. The price of o-xylene rose, and the willingness of phthalic anhydride to stand up was strong. The price of phthalic anhydride rose in shock this week, and the upward momentum of DOP increased.
Aftermarket expectation
According to DOP data analysts of the Business Agency, the prices of DOP raw materials, isooctanol and phthalic anhydride, rose sharply this week, and the cost of DOP rose; DOP enterprises resumed operation, and the supply of DOP increased, but the overall demand growth was less than the supply growth, and the downward pressure of DOP remained. In the future, the demand for DOP will slowly recover and the cost will rise. It is expected that the price of DOP will fluctuate and rise in the future, but the risk of decline remains.
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