Cost rise, demand recovery, DOP price surge in January

DOP prices rose in January

 

Gamma Polyglutamic Acid

According to the data monitoring of the Business Agency, as of January 30, the price of DOP was 10620 yuan/ton, up 8.92% from 9750 yuan/ton on January 1. The demand for raw materials rose, and the DOP market rose in January.

 

In January, the price of raw material isooctanol stopped falling and rose

 

According to the price monitoring of the Business Agency, as of January 30, the price of isooctanol was 10533.33 yuan/ton, up 8.22% from the price of isooctanol on January 1, which was 9733.33 yuan/ton. After the holiday, the downstream replenishment increased, the demand recovered, the price of isooctanol rose, the cost of DOP raw materials rose, and the rising power of DOP increased.

 

The price of raw material phthalic anhydride rose slightly in January

 

According to the price monitoring of the business agency, as of January 30, the price of o-phthalic anhydride was 8162.50 yuan/ton, up 1.24% from the price of 8062.50 yuan/ton on January 1. Before the holiday, the price of phthalic anhydride stopped falling, and after the holiday, the price of phthalic anhydride fluctuated and rose, the cost of DOP rose, and the upward momentum of DOP increased.

 

Aftermarket expectation

 

According to DOP data analysts of the Business Agency, the price of isooctanol, the raw material, rose sharply in January, the price of phthalic anhydride rose slightly, the cost of DOP rose, the stock was replenished after the holiday, the price of DOP rose slightly, and the downward pressure of DOP weakened and the upward momentum increased. In the future, the demand for DOP rose due to rising costs, and the price of DOP is expected to rise due to shocks.

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