DBP prices fluctuated and fell in February

According to the data monitoring of Business News Agency, as of February 28, the DBP price was 9462.50 yuan/ton, down 3.20% from the DBP price of 9775 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), plasticizer DBP enterprises started to recover, DBP supply increased, and the basic support for raw material price decline was insufficient. In February, DBP prices fell in shock.

The overall price of raw materials fell in February

According to the price monitoring of the business agency, as of February 28, the price of ortho phthalic anhydride was 8450 yuan/ton, up 2.74% from the price of 8225 yuan/ton on February 1. The price of o-xylene rose, and the price of phthalic anhydride was strong. The price of phthalic anhydride rose slightly in February, and the driving force of DBP still remained.

According to the price monitoring of the Business Agency, as of February 28, the price of n-butanol was 7033.33 yuan/ton, down 12.08% from the price of 8000 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), n-butanol enterprises started to rise. The supply of n-butanol was sufficient. The trading atmosphere of n-butanol in the market was light. The mentality of the industry was general. Downstream demand still needed time to gradually boost. In February, the price of n-butanol fell sharply. The rise of n-butanol in the future market was not supported enough, and the cost of DBP fell. The downward pressure of DBP in the future market was great.

Downstream PVC market fell first and then rose

According to the price monitoring of the business agency, the PVC price was 6313.33 yuan/ton as of February 28, down 0.39% from the price of 6338.33 yuan/ton on February 1. In February, the spot price of PVC fell first and then rose, with a slight decline overall. The performance of real estate data in February was poor, the resumption of work and production was less than expected, the PVC spot market transaction was tepid, the enthusiasm of downstream and traders to take goods was not high, the growth of DBP demand was limited, and the support for DBP rise was insufficient.

Aftermarket expectation

According to DBP data analysts of Business Agency, plasticizer enterprises started to rise in February, and the supply of DBP increased; In terms of raw materials, phthalic anhydride rose slightly, the price of n-butanol fell sharply, and the downward pressure on DBP raw material cost increased; In terms of demand, downstream customers were looking for bargains to replenish their stocks. In February, the demand for DBP was less than expected, and the support for DBP demand was insufficient. With the economic recovery, the price of phthalic anhydride rose, the price of n-butanol fluctuated and fell, and the demand for PVC recovered slowly. In the future, the increase in the cost of plasticizer DBP was insufficient to support the slow recovery of demand, and it was expected that the price of DBP would fluctuate and consolidate.