DOP prices fluctuated and rose this week

According to data monitoring by Business News Agency, as of March 20, the price of DOP was 10130 yuan/ton, an increase of 1.30% compared to the price of DOP of 10000 yuan/ton on March 10. Cost support still exists, and this week’s DOP market fluctuated and rose.

The price of raw material isooctanol fluctuates and rises

According to the price monitoring conducted by the Business Society, as of March 20, the price of isooctanol was 9321.43 yuan/ton, an increase of 0.38% compared to the fluctuating price of isooctanol of 9285.71 yuan/ton on March 10. This week, the price of isooctanol fell first and then rose, and the cost of DOP raw materials increased. The upward momentum of DOP increased, and downward pressure remained.

The market of raw material phthalic anhydride has stopped rising and declined

According to the price monitoring by the Business Agency, as of March 20, the quotation for ortho phthalic anhydride was 8700 yuan/ton, an increase of 2.96% compared to the price of 8450 yuan/ton on March 10. The price of o-xylene rose, but the willingness to stand up for phthalic anhydride remained. This week, the price of phthalic anhydride stabilized after a shock rise, resulting in a stalemate in the market for phthalic anhydride and a strong upward momentum for DOP.

Aftermarket expectations

According to DOP data analysts from the Business News Agency, the price of isooctanol, a raw material for DOP, fluctuated and rose this week, while the market for phthalic anhydride remained stagnant after rising, and the cost of DOP stabilized after rising. In the future, the demand for DOP is temporarily stable and the cost is recovering. It is expected that the price of DOP will consolidate strongly in the future.