The price of plasticizer DBP fluctuated and fell this week
According to the Commodity Market Analysis System of the Business Society, as of September 7th, the DBP price was 10325 yuan/ton, a decrease of 0.96% from the DBP price of 10425 yuan/ton on August 31st; The DBP price decreased by 1.90% compared to 10525 yuan/ton on September 1st. DBP raw material isooctanol prices have fallen from a high point, n-butanol prices have fluctuated and increased, phthalic anhydride prices have fluctuated and increased, plasticizer DBP costs have increased, plasticizer demand is cold, high cost and low demand, plasticizer DBP profit space has decreased, plasticizer DBP enterprises’ willingness to start work has decreased, plasticizer DBP enterprises have started low, plasticizer DBP prices have fluctuated and decreased.
The high price of isooctanol has dropped this week
According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on September 7th was 12940 yuan/ton, a decrease of 0.77% compared to the price of 13040 yuan/ton on August 31st. The domestic isooctanol plant has started operating and restarted, and the supply of isooctanol has rebounded, resulting in a high price drop for isooctanol. The reduction in production of DBP devices has weakened its sentiment towards purchasing high priced isooctanol, leading to a downward trend in the isooctanol market and weakened cost support for plasticizer DBP in the future.
The price of n-butanol fluctuated and rose this week
According to the Commodity Market Analysis System of Business Society, as of September 7th, the price of n-butanol was 9833.33 yuan/ton, an increase of 1.72% compared to August 31st, when the price of n-butanol was 9666.67 yuan/ton. The n-butanol market is generally consolidating and operating, with relatively calm supply and demand on the market. Downstream demand is flat, and downstream enterprises have average purchasing enthusiasm. The n-butanol on-site supply is increasing, and supply and demand support is loose. The price of n-butanol tends to stabilize after rising, and the cost support for plasticizer DBP still exists.
The market of raw material phthalic anhydride rebounds and rises
According to the market analysis system for phthalic anhydride products of the Business Society, as of September 7th, the quotation for neighboring phthalic anhydride was 8662.50 yuan/ton, an increase of 0.73% compared to the price of 8600 yuan/ton on August 31st. The operation of domestic phthalic anhydride on-site devices is stable, and the on-site spot supply is normal. Recently, the situation of phthalic anhydride sales has been average. The market trend of phthalic anhydride on the site has rebounded, and the price of naphthalene phthalic anhydride in China has rebounded and increased. The profit of phthalic anhydride is inverted, and the willingness to sell phthalic anhydride has increased. The future market of phthalic anhydride is mainly strong.
Future expectations
Analysts from Business Society’s plasticizer product data believe that in terms of cost, the high price of isooctanol has fallen, the price of n-butanol has fluctuated and increased, the market for phthalic anhydride has risen strongly, and the cost of plasticizer DBP products is supported; On the demand side, PVC demand growth is less than expected, downstream customers are cautious in buying, and demand for plasticizers is relatively cold. In terms of construction, under the dual pressure of market losses and high inventory levels, the DBP market has reduced production and guaranteed prices. In September, Shandong Lanfan, Kaifeng Jiuhong and other devices have all reduced production operations. In the future, there will be high cost and low demand pressure. Although plasticizer companies have reduced their load and started operations to alleviate inventory pressure, the market will continue to sell out in a “buy up kill down” sentiment. It is expected that DBP prices will consolidate at a high level in the future.
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