The price of plasticizer DOTP has increased significantly this week
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According to the Commodity Market Analysis System of the Business Society, as of August 8th, the price of DOTP was 11180 yuan/ton, an increase of 6.88% compared to the DOTP price of 10460 yuan/ton on July 30th. The price of isooctanol has skyrocketed, PTA prices have stopped rising and fallen, overall raw material costs have increased, downstream PVC market is weak, and demand for plasticizers remains weak. This week, the price of plasticizer DOTP has fluctuated and increased.
The price of isooctanol skyrocketed this week
According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on August 8th was 11033.33 yuan/ton, an increase of 11.45% compared to the price of 9900 yuan/ton on July 30th. The planned and unexpected fluctuations in domestic octanol units have led to continuous tightening of the supply side, resulting in continuous increases in octanol prices. The inventory of isooctanol is low, and the market center has shifted upwards. This week, the price of isooctanol has skyrocketed, and the cost of plasticizer DOTP raw materials has increased. The price of plasticizer DOTP has also risen this week. As the price of isooctanol rises to a high point, buying and chasing high sentiment has become cautious. In mid to late August, two sets of isooctanol units in Shandong and Jiangsu are planned to restart, and the supply side of the isooctanol market is expected to be loose. In the future, the downward pressure on isooctanol will increase.
PTA prices have stopped rising and falling this week
According to the Commodity Market Analysis System of Business Society, the PTA price on August 8th was 5848.18 yuan/ton, a decrease of 2.55% compared to the PTA price on July 30th, which was 6000.91 yuan/ton. Crude oil prices have fluctuated and increased, PTA costs have risen, new PTA production has landed, PTA supply has increased, downstream construction is low, PTA demand is poor, PTA prices have stopped rising and fallen. This week, the cost of plasticizer DOTP raw materials has slowed down, and there is insufficient support for the price increase of plasticizer DOTP in the future.
Future expectations
Analysts from Business Society’s plasticizer product data believe that the resumption of isooctanol production is insufficient support for the future surge in isooctanol prices. PTA prices have stopped rising and fallen, and the pressure on the cost decline of plasticizer product DOTP has increased; The demand for downstream PVC is weak, and the demand for plasticizers is cold; The operating rate of plasticizer enterprises is 50%, and the supply of plasticizers is temporarily stable. In the future, there is insufficient support for cost increases, stable supply and weak demand, and weak support for plasticizer increases. It is expected that the price of plasticizer DOTP will fluctuate and consolidate in the future.
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