The price of plasticizer DOP fluctuated and fell in December

According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the DOP price was 8226.25 yuan/ton, a fluctuating decrease of 8.99% compared to the DOP price of 9038.75 yuan/ton on December 1st. The price of isooctanol has fluctuated and fallen, the price of raw materials has fallen, and the cost of plasticizers has decreased. However, the downward trend of DOP is slower than that of isooctanol. The profit of plasticizer DOP is high, and the enthusiasm of plasticizer enterprises to start production is high. The operating rate of plasticizers is high, and the supply of plasticizers is sufficient. During the off-season of downstream PVC, the demand for plasticizers is average, and the risk of excess inventory of plasticizer DOP is increasing, resulting in fluctuating prices of plasticizer DOP.

Downstream demand is lukewarm

Downstream PVC product enterprises have low production rates, and the downstream market is traditionally off-season, resulting in a decrease in downstream PVC production. The winter in the north continues, and the demand for plasticizers is weak; The downstream market is declining, and the downward pressure on plasticizers is increasing.

Raw material prices fluctuate and fall

According to the Commodity Market Analysis System of Shengyi Society, as of December 31st, the price of isooctanol was 7600 yuan/ton, a fluctuating decrease of 16.79% compared to the price of 9133.33 yuan/ton on December 1st. In December, the production of isooctanol enterprises remained stable at a high level, and coupled with the continuous production of new octanol capacity, the supply of isooctanol increased significantly in December. The downstream demand increment is not as significant as the increment of octanol, and there is an oversupply of isooctanol, which increases the downward pressure on isooctanol. In December, the price of isooctanol fluctuated and fell.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol dropped significantly in December, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP decreased; In terms of demand, during the off-season of the market, downstream PVC companies have seen a decrease in production, resulting in average demand for plasticizers; On the supply side, plasticizer companies have high profits, and their enthusiasm for starting production has increased. However, plasticizer companies are operating at high levels, resulting in an oversupply of plasticizers. In the future, the price of raw material isooctanol has dropped significantly, and the cost of plasticizers has decreased; In addition, with an increase in supply and a decrease in demand, it is expected that the price of plasticizer DOP will fluctuate and fall.