The price of plasticizer DOP fluctuated and fell in October

According to the Commodity Market Analysis System of the Business Society, as of October 30th, the price of DOP was 11275 yuan/ton, a decrease of 2.66% compared to the price of 11583.33 yuan/ton on October 1st. Insufficient support for raw material prices and weak demand remain, with DOP prices fluctuating and falling in October.

The price of isooctanol rose first and then fell in October

According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on October 30th was 12120 yuan/ton, which increased and then decreased compared to the price of 12020 yuan/ton on October 1st, with an increase of 0.83%. The price of propylene fluctuated and fell, while the cost of isooctanol decreased. Downstream plasticizer companies did not start production enough, resulting in poor demand for isooctanol. In October, the price of isooctanol fluctuated and fell.

The price of phthalic anhydride fluctuated and fell in October

According to the Commodity Market Analysis System of the Business Society, as of October 30th, the quotation for neighboring phthalic anhydride was 8012.50 yuan/ton, a decrease of 8.03% compared to the price of phthalic anhydride on October 1st, which was 8712.50 yuan/ton. The operation of domestic phthalic anhydride plants is stable. Currently, the operating rate of phthalic anhydride in China remains over 60%, and the supply of phthalic anhydride is sufficient. In addition, the production of naphthalene phthalic anhydride is normal, and the price of naphthalene phthalic anhydride has dropped, impacting the neighboring phthalic anhydride market. In October, downstream procurement enthusiasm was poor, and some phthalic anhydride manufacturers reduced prices to promote sales, resulting in a significant decline in the phthalic anhydride market.

The plastic market fell back in October

According to the Commodity Market Analysis System of the Business Society, the plastic industry was in the traditional peak season of the “Golden Nine” period last month, with a high market trend. In October, it took on the high position of the “Golden Nine”, but the market for plastic futures products quickly cooled down and failed to continue the upward trend, resulting in a situation where the “Silver Ten” is not silver, and the plastic industry is dominated by bearish sentiment. Downstream plastic enterprises have low willingness to stock up, lagging consumption follow-up, and weak market momentum. Under the influence of declining consumption and cost fluctuations, the plastic market has seen a significant decline in plastic prices. The downstream plastic market is declining, and the demand for plasticizers is insufficient, increasing the downward pressure on plasticizer DOP.

Future expectations

Business Society plasticizer product data analysts believe that the raw material isooctanol fluctuates and consolidates, the price of phthalic anhydride fluctuates and falls, and the cost of plasticizers decreases; The plastic market is declining, downstream customers have poor purchasing enthusiasm, and downstream demand for plasticizers is weak. Overall, the demand for plasticizer DOP is weak due to cost reduction, and there is insufficient support for its positive performance. The price of plasticizer DOP fluctuates and consolidates.