DOP prices fell sharply in February

According to the data monitoring of the Business Agency, as of February 27, the price of DOP was 9940 yuan/ton, down 7.19% from 10710 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), the plasticizer enterprises resumed operation, and the operating rate of DOP production enterprises rose. In February, the DOP market fell sharply.

The price of raw material isooctanol fell in shock

According to the price monitoring of the Business Agency, as of February 27, the price of isooctanol was 9066.67 yuan/ton, down 15.00% from the price of isooctanol on February 1, 10666.67 yuan/ton. Downstream demand is still weak, pre-holiday inventory is still in stock, and downstream customers are mostly bargain hunting. In February, the price of isooctanol fluctuated and fell, the cost of DOP raw materials fell, and the downward pressure on DOP prices increased.

The market of raw material phthalic anhydride slightly recovered

According to the price monitoring of the business agency, as of February 27, the price of ortho phthalic anhydride was 8325 yuan/ton, up 1.22% from the price of 8225 yuan/ton on February 1. The price of o-xylene rose, and the price of phthalic anhydride was strong. The price of phthalic anhydride rose slightly in February, and the upward momentum of DOP remained.

Downstream PVC market fell first and then rose

According to the price monitoring of the Business Agency, the PVC quotation was 6313.33 yuan/ton as of February 27, down 0.39% from the price of 6338.33 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival) Festival, the market recovered and PVC demand slowly recovered, but the demand growth was less than expected. The growth of DOP demand was limited and the support for DOP growth was insufficient.

Aftermarket expectation

According to DOP data analysts of the Business Agency, the price of isooctanol, the raw material of DOP, fell sharply in February, the price of phthalic anhydride rose slightly, and the cost of DOP fell; PVC growth is less than expected, and DOP demand support is limited; However, after the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), DOP enterprises resumed operation, and the supply of DOP increased. The overall demand growth was less than the supply growth, and the downward pressure on DOP increased. In the future, the demand for DOP in the future will recover slowly and the decline of cost will slow down. It is expected that the price of DOP in the future will fluctuate and consolidate.