The price of plasticizer DOTP fluctuated and fell in October

According to the Commodity Market Analysis System of the Business Society, as of October 31, the price of DOTP was 11270 yuan/ton, a decrease of 2.93% compared to the price of 11610 yuan/ton on October 1. In October, the price of isooctanol first rose and then fell, while PTA prices rebounded after a sharp drop. The cost support for plasticizer DOTP was insufficient, and the price of DOTP fluctuated and fell in October.

PTA prices rebounded after a sharp drop in October

According to the Commodity Market Analysis System of the Business Society, the PTA price on October 31st was 5915 yuan/ton, a fluctuating decrease of 4.81% compared to the price of 6213.64 yuan/ton on October 1st. The demand for “Silver Ten” is weak, the chemical fiber market is operating weakly, and the market trading atmosphere is average. PTA demand is poor, crude oil prices fluctuate and fall widely, PTA costs decrease, and PTA prices fluctuate and fall 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 31st 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 plastic market fell in October

According to the Commodity Market Analysis System of the Business Society, during the traditional peak season of “Jinjiu”, the plastic market is soaring. 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 DOTP.

Future expectations

Analysts from Business Society’s plasticizer product data believe that in October, PTA prices fluctuated and fell, while isooctanol prices first rose and then fell, and the cost of plasticizer DOTP decreased; The plastic market has declined, downstream customers have poor purchasing enthusiasm, and the demand for plasticizer DOTP is weak. Overall, due to insufficient cost support and weak demand, it is expected that the price of plasticizer DOTP will fluctuate and fall in the future.