The sharp rise and fall are not lasting, and DOTP prices want to be stable

DOTP prices stabilized after a sharp rise and fall in October

According to the data monitoring of the business agency, the DOTP price soared and plummeted in October, and the overall DOTP market rose and plummeted in October and returned to stability. Affected by downstream centralized procurement and power rationing and production reduction after the festival, DOTP prices soared by 18.08% from October 1 to 12; With the end of centralized procurement and the recovery of plasticizer manufacturers, DOTP prices plummeted. From October 12 to October 19, DOTP prices plummeted by 11.94%; After that, DOTP entered a relatively calm period. From the 20th to the 27th, DOTP prices fell slightly, down only 3.58%. As of October 27, the DOTP price was 12800 yuan / ton, up 1.04% from the DOTP price of 12766.67 yuan / ton on October 1; Overall, the price of DOTP rose slightly in October, and the market of DOTP stabilized in October.

In October, the price of isooctanol soared, plummeted and fluctuated continuously

According to the price monitoring of the business community, in early October, the price of isooctanol soared due to the centralized procurement after the festival and the soaring price of raw material coal to syngas; With the end of centralized procurement, the demand for isooctanol declined, the downstream PVC price of plasticizer plummeted, the purchasing intention of plasticizer manufacturers declined seriously, and the downstream manufacturers of plasticizer no longer paid for the high price, the high price isooctanol lost support, the downward pressure of isooctanol increased, and the price of isooctanol plummeted; After that, the high price of isooctanol raw material coal syngas stimulated the rise of isooctanol price. However, with the national macro-control, the rising momentum of coal related products was blocked, the rise of isooctanol was frustrated again, and the price of isooctanol fell again. In general, the price of isooctanol remained high in October. However, due to the high cost of isooctanol, there is limited room for the decline of isooctanol in the future.

PTA prices fluctuated and rose in October

According to the price monitoring of the business community, the PTA market was adjusted at a high level in October, the PTA price fluctuated slightly in October, the price of raw materials fluctuated and rose, and the cost of DOTP rose, which was good for the DOTP market.

PVC market generally declined in October

According to the price monitoring of the business society, the PVC price first rose and then fell in October. After the festival, PVC manufacturers purchased intensively, which stimulated the sharp rise in the price of raw material plasticizer, and the PVC price followed. As of October 12, the PVC price soared by 15.2%; The end of centralized procurement, the impact of restricted films, insufficient downstream demand, and the price of PVC plummeted. As of October 27, the price of PVC plummeted 23.75% compared with October 12. As of October 27, PVC prices fell by 12.02% in October; Overall, the PVC market plummeted in October, the demand for plasticizers declined, the downstream customers of plasticizers were less motivated to purchase, and the downward pressure on DOP prices was great.

Future expectations

Bai Jiaxin, a DOTP data analyst at the business agency, believes that in early October, affected by the centralized procurement after the festival and power rationing and production reduction, the market demand surged in the short term, the short-term supply shortage intensified, and the product price of the plasticizer industry chain soared; After the centralized procurement, the start-up of plasticizer manufacturers picked up, the supply of plasticizer increased, the demand decreased, and the product price of plasticizer industrial chain plummeted. After two weeks of adjustment, after the 20th, the supply and demand of plasticizer industry chain products are relatively balanced, and the price of plasticizer has entered a relatively stable period. The main influencing factors of plasticizer DOP price are raw material cost and downstream purchase intention. On the raw material side, octanol was adjusted at a high level in October, PTA prices rose slightly in October, and DOTP prices rose in October with sufficient support. Overall, the prices of raw materials isooctanol and PTA fluctuated and fell, the cost of DOTP decreased, and the downward pressure of DOTP increased; On the demand side, the price of PVC continued to fall sharply, the demand for DOTP decreased, and the support for the rise of DOTP was insufficient. In the future, the upward momentum of DOTP weakened and the downward pressure increased. However, due to the high prices of raw materials isooctanol and PTA and the high cost of DOTP, there is limited room for DOTP to fall. It is expected that the price of DOTP will fluctuate and fall slightly in the future.