This week, the price of plasticizer DOP rebounded and rose

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of plasticizer DOP was 8501.25 yuan/ton, an increase of 0.44% compared to the DOP price of 8463.75 yuan/ton on September 8th; Compared to September 1st at the beginning of the month, the DOP price dropped by 8726.25 yuan/ton, a decrease of 2.58%. DOP prices rebounded and rose this week. Since September, the price of raw material isooctanol has continued to decline, the profit margin of plasticizer equipment has expanded, and the gross profit of downstream DOP products has increased compared to August. Driven by profits, the operating rate of downstream plasticizer enterprises has increased. This week, the price of raw material isooctanol rebounded and stopped falling, while the price of plasticizer DOP rebounded and rose.

Expected increase in DOP supply this week

With the continuous decline in isooctanol prices in September, the profit margin of plasticizer DOP devices has expanded, and the gross profit of downstream DOP products has increased compared to August. Driven by profits, the operating rate of downstream plasticizer enterprises has increased, and the expected supply of plasticizers has increased.

Raw material costs rebound and rise

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of isooctanol was 7916.67 yuan/ton, an increase of 1.71% compared to the price of 7800 yuan/ton on September 9th; Compared to September 1st at the beginning of the month, the price of isooctanol was 7983.33 yuan/ton, a decrease of 0.83%. This week, the price of isooctanol rebounded and rose. This week, the production of isooctanol units has gradually resumed, with an increase in isooctanol supply, an increase in downstream plasticizer DOP gross profit, an increase in DOP operating rate, an increase in demand for isooctanol, a double increase in isooctanol supply and demand, and a rebound in isooctanol prices.

According to the Commodity Market Analysis System of Shengyi Society, as of September 13th, the price of phthalic anhydride produced by phthalic anhydride was 7362.50 yuan/ton, a decrease of 1.34% from the price of 7462.50 yuan/ton on September 6th. This week, the price of ortho xylene was quoted at 7400 yuan/ton, a decrease of 300 yuan/ton or 3.90% compared to last week. The cost of phthalic anhydride has decreased, and the phthalic anhydride market has declined. This week, the domestic price for ortho phthalic anhydride is 7200-7400 yuan/ton, while the domestic price for nano phthalic anhydride is 7100-7200 yuan/ton. Domestic phthalic anhydride plants operate at low loads, with frequent shutdowns of naphthalene phthalic anhydride equipment and low load operation of neighboring phthalic anhydride equipment. Phthalic anhydride manufacturers are experiencing a shortage of goods and queuing up for shipments, resulting in a tight supply of phthalic anhydride and increased upward pressure on its price.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol rebounded and rose this week, while the price of phthalic anhydride slightly decreased, and the cost of plasticizer DOP increased; In terms of supply, the expected increase in production by plasticizer DOP manufacturers has led to an increase in DOP supply. It is expected that the price of plasticizer DOP will remain strong and stabilize in the future.