The price of plasticizer DBP increased significantly in August
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According to the Commodity Market Analysis System of the Business Society, as of August 28th, the DBP price was 10450 yuan/ton, an increase of 8.43% compared to the DBP price of 9637.50 yuan/ton on August 1st. The price of DBP raw material butanol has significantly increased, the price of phthalic anhydride has stabilized, the cost of plasticizer DBP has significantly increased, the demand for plasticizers has rebounded, plasticizer enterprises have started operating at a low level, and the supply of plasticizers has tightened. In August, the price of plasticizer DBP fluctuated and increased.
The price of isooctanol increased in August
According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on August 28th was 12200 yuan/ton, an increase of 22.20% compared to the price of 9983.33 yuan/ton on August 1st. The planned production of domestic isooctanol units and unexpected vehicle pick-up have led to a tight supply of isooctanol, low inventory of isooctanol, and an upward shift in market focus. In August, the price of isooctanol continued to skyrocket. The price of isooctanol has skyrocketed, and the cost of plasticizer DBP raw materials has increased. As the price of isooctanol has risen to a high level, buying sentiment towards pursuing higher prices has become cautious. With the restart of the isooctanol plant, the supply expectation of the isooctanol market is loose, and the sustained rise of isooctanol in the future is limited in support.
The price of n-butanol fluctuated and rose in August
According to the Commodity Market Analysis System of Business Society, as of August 28th, the price of n-butanol was 9233.33 yuan/ton, an increase of 16.63% compared to the price of n-butanol on August 1st, which was 7916.67 yuan/ton. In August, some regions in China underwent centralized maintenance of n-butanol plants, resulting in tight on-site supply and tight spot circulation, which supported the rise of n-butanol market. Downstream demand was flat, and downstream enterprises had average purchasing enthusiasm. The price of n-butanol rose strongly, and the cost support for plasticizer DBP remained.
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According to the Commodity Market Analysis System of the Business Society, as of August 28th, the price increases of various products in the plastic sector compared to July 1st, from high to low, are PVC (12.48%), PP (wire drawing) (7.28%), and LLDPE (4.89%). Since July, as the plastic industry approaches the traditional peak season, the market has started to heat up, and various products in the plastic sector have seen a rise, with plastic futures rising at the same time. In the two months since July, the plastic industry has been dominated by Lido. On the macro level, inflation in the United States has cooled beyond expectations, the necessity for the Federal Reserve to raise interest rates has decreased, and concerns about economic recession have eased. In terms of cost, the seasonal peak demand from refineries and OPEC production cuts in oil producing countries have led to a strengthening of international crude oil prices. At the same time, downstream plastic enterprises are gradually increasing their stocking, improving consumption follow-up, and enhancing market momentum. Under the dual support of rebounding consumption and high costs, the prices of plastic futures and three materials have fluctuated and risen.
Future expectations
Analysts from Business Society’s plasticizer product data believe that although August is the traditional off-season for plasticizers, the upstream and downstream of the plasticizer industry chain are both rising against the trend. In terms of raw materials, in August, the production of isooctanol was at a low level, and the supply of isooctanol was insufficient. The price of isooctanol continued to rise sharply, and the downstream demand for phthalic anhydride was weak. The support for benzene raw materials was no longer there. In August, the price of phthalic anhydride stopped rising and fell, and the overall cost of plasticizer product DBP raw materials increased significantly; The downstream plastic futures market has rebounded, and the demand for plasticizers has rebounded; The operating rate of plasticizer enterprises is low, the supply of plasticizers is tight, and both upstream and downstream prices are rising. The support for the rise of plasticizer DBP is increasing, and DBP prices surged in August. In the future, as the peak season approaches, the demand for plasticizers is expected to rebound. However, in September, upstream and downstream enterprises of plasticizers are expected to resume construction, and the supply of raw materials such as isooctanol, n-butanol, and plasticizer DBP is expected to increase, resulting in a double increase in supply and demand; The supply of isooctanol and n-butanol has increased, and the support for the rise of isooctanol and n-butanol has weakened. The expected high prices of raw materials such as isooctanol and n-butanol have fallen back; Downstream customers have a low acceptance of high prices. As the supply of plasticizers increases, the downward pressure on plasticizers increases, and it is expected that DBP prices will fall back from high levels in the future.
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