The price of plasticizer DOTP fluctuated and rose in May
According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the price of plasticizer DOTP was 10250 yuan/ton, an increase of 3.67% compared to the DOTP price of 9887.50 yuan/ton on May 1st at the beginning of the month. The price of plasticizer raw material phthalic anhydride has risen, the price of isooctanol has fluctuated and risen, the cost of plasticizer has increased, the profit of plasticizer DOTP has decreased, the production of plasticizer DOTP enterprises has decreased, and the supply of plasticizer DOTP has decreased.
The price of raw material isooctanol fluctuates and rises
According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the quotation for isooctanol was 9950 yuan/ton, an increase of 3.00% compared to the quotation of 9660 yuan/ton on May 1st. In May, the price of isooctanol was at the bottom of the market, and there was limited room for its decline. Since the domestic isooctanol market hit bottom in mid April, the price center of isooctanol has slowly shifted upwards. From the demand side, the rotating maintenance of downstream plasticizers and isooctyl acrylate units in May resulted in low continuity of buying, and the fluctuation range of isooctyl alcohol narrowed. The market for isooctanol lacks continuous upward momentum, and the price of isooctanol has fluctuated slightly.
The price of raw material phthalic anhydride fluctuated and increased in May
According to the market analysis system for phthalic anhydride products by Shengyishe, as of May 29th, the quoted price of phthalic anhydride was 8187.50 yuan/ton, a fluctuation increase of 6.06% compared to the price of phthalic anhydride on May 1st, which was 7720 yuan/ton. The price of raw material ortho benzene has increased, and the cost of phthalic anhydride has increased; In the middle and late stages, the phthalic anhydride plant underwent centralized maintenance, and its daily production capacity utilization rate has dropped to 59%. The supply of phthalic anhydride has decreased, supporting the rise in phthalic anhydride prices and the cost of plasticizer DOTP has increased.
In May, the PTA price of raw materials first fell and then rose
According to the PTA commodity market analysis system of Business Society, as of May 29th, The PTA quotation is 5972 yuan/ton, which is a decrease followed by an increase of 0.53% compared to the PTA price of 5940.50 yuan/ton on May 1st; The PTA price fluctuated and increased by 2.89% compared to 5804 yuan/ton on May 14th. PTA manufacturers have a lot of maintenance, PTA supply has decreased; Raw materials are released, and PX manufacturers in the international market have frequent short stops, PX supply is tightening, with significant support from rising raw material prices, PTA cost support, PTA gains provide significant support.
Expected decrease in downstream demand
Affected by the increase in planned maintenance enterprises, The production of PVC has decreased. The operating rate of downstream product enterprises is around 50%, a decrease compared to the previous month and the same period last year. Short term fundamental supply has decreased due to maintenance, and domestic and international demand remains weak, especially in the export market, making it more difficult to accept orders, The supply and demand of PVC market are weak; In the medium to long term, The policy stimulus in the PVC market to reduce inventory and quantify inventory is difficult to bring benefits to new construction projects. The real estate market has boosted demand for building materials, and the spot fundamentals are cautious and cautious. There is not much planned maintenance in June, and new production capacity is planned to be put into operation, resulting in increased supply and poor demand performance, which has a certain drag on the market. The supply and demand in foreign markets are weak due to maintenance and off-season constraints. Overall, The supply and demand of PVC and downstream markets are weak, and the support for plasticizer demand remains weak.
Future expectations
Business Society plasticizer product data analysts believe that the production of plasticizer DOTP manufacturers has decreased, and upstream isooctanol manufacturers and downstream PVC product enterprises have experienced varying degrees of maintenance and production decline. The overall supply of plasticizer sector is tight; Downstream production has decreased, and downstream demand for plasticizers is expected to decrease. In the future, with the completion of enterprise maintenance and the double increase of supply and demand, the supply of plasticizers is sufficient and the demand is recovering; The rise in raw material prices has slowed down, and the support for the increase in plasticizer costs has weakened; Downstream demand support is increasing, and the price of plasticizer DOTP will consolidate strongly in the future.
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