This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of Shengyi Society, as of December 16th, the DOP price was 8576.25 yuan/ton, a fluctuating decrease of 2.83% compared to the DOP price of 8826.25 yuan/ton on December 9th. The price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, and the enthusiasm of plasticizer enterprises to start production has increased. The operating rate of plasticizers is high, and the supply of plasticizers is sufficient. The downstream PVC off-season is approaching, the demand for plasticizers is falling, the risk of excessive inventory of plasticizer DOP is intensifying, and the price of plasticizer DOP is fluctuating and falling.

Downstream demand is lukewarm

Downstream PVC product enterprises have low production rates, and the downstream market is traditionally off-season, resulting in a decrease in downstream PVC production. The weather in the north is gradually turning cold, and demand is weak; The downstream market is declining, and the downward pressure on plasticizers is increasing.

The cost of raw materials fluctuates and falls

According to the Commodity Market Analysis System of Shengyi Society, as of December 16th, the price of isooctanol was 8200 yuan/ton, a fluctuating decrease of 4.65% compared to the price of 8600 yuan/ton on December 9th. Isooctanol enterprises started production at a high level and remained stable. In addition, new octanol production capacity was gradually put into operation in December, resulting in a significant increase in isooctanol supply in December. The downstream demand increment is not as significant as the increment of octanol, and there is an oversupply of isooctanol, which increases the downward pressure on isooctanol and causes its price to fluctuate and fall.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has fluctuated and fallen, the price of phthalic anhydride has fluctuated and fallen, and the cost of plasticizer DOP has decreased; In terms of demand, the off-season is approaching, and downstream production and inventory are expected to decrease, leading to a decline in demand for plasticizers; On the supply side, plasticizer companies have high profits, and their enthusiasm for starting work has increased. With high starting work, the supply of plasticizers has increased. In the future, the prices of raw materials will decline, and the cost of plasticizers will decrease; The off-season is approaching, with a decrease in demand, cost reduction, and weak demand. Coupled with oversupply, it is expected that the price of plasticizer DOP will fluctuate and fall in the future.