I. price trend
According to the data monitoring of business agency, the price of DOP fell in shock this week, while the overall plasticizer DOP fell slightly. As of November 29, the price of DOP in East China was 7366.67 yuan / ton, down 16.66 yuan / ton, or 0.23%, compared with 7383.33 yuan / ton in the weekend (November 24), down 18.82% compared with the same period last year.
II. Market analysis
Product analysis
Commodity name ﹣ port ﹣ 11.29 price ﹣ 11.22 price ﹣ price type ﹣ unit
DOP China 930.00 920.00 CFR USD / ton
DOP Southeast Asia 1150.00 1150.00 CFR USD / ton
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As can be seen from the table, the price of DOP external market rose this week, and DOP market was good. This week, the price of DOP in China is 930 US dollars / ton, up 10 US dollars / ton; the price of DOP in Southeast Asia is 1150 US dollars / ton, up 10 US dollars / ton, the price of plasticizer DOP is up, the domestic plasticizer market is good.
Analysis of industrial chain
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In terms of raw materials, this week, the price of DOP raw material phthalic anhydride remained stable, the price of octanol rose slightly, and the price of octanol rose by 0.72%; the overall cost of DOP remained stable, which weakened the market advantage of DOP. The price of o-phthalic anhydride remained stable, the price of naphthalene phthalic anhydride fell, and the overall price of DOP raw material phthalic anhydride fell, which was bad for DOP market. In the future, the upward momentum of DOP market weakened, the downward pressure increased, and DOP market fell.
In terms of downstream demand, PVC market surged 3.26% this week, with limited demand in the downstream of DOP, but the market recovered. In the future, DOP market is good, but due to the small growth of PVC, the momentum of DOP is general.
III. future forecast
According to Bai Jiaxin, data analyst of DOP of business agency, the price of raw material isooctanol of plasticizer DOP this week was basically stable, the price of phthalic anhydride of o-phthalic acid remained stable, the price of phthalic anhydride of naphthalene phthalic acid fell, the overall cost of DOP fell, and the market advantage of DOP weakened and the negative increased. On the downstream side, PVC prices kept rising this week. The demand for DOP downstream was limited but the market was favorable. The DOP market had an upward momentum but the momentum was weakened and the downward pressure increased. In general, plasticizer DOP market downward pressure increases, DOP demand is limited, plasticizer DOP market has upward momentum but the momentum is weakened, and it is expected that the future DOP market will be weak and stable.
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