DOP prices rose first and then fell this week

According to the data monitoring of the business community, as of September 26, the DOP price was 10040 yuan/ton, down 1.69% from 10212.50 yuan/ton on September 18 last weekend; It was down 3.00% from 10350 yuan/ton on September 20. This week, the positive support of DOP weakened, and the price of DOP rose first and then fell.

Domestic DOP import and export volume

According to the data released by the customs, in 2022, the number of DOP source imports will shrink rapidly, while the number of exports will increase. In August, China’s DOP import volume was 161.4 tons, down 98.6% year on year. From January to August, the cumulative import volume fell 81.8% year on year; The export volume of DOP has risen significantly since June. In August, the export volume was 5442.7 tons, up 644% year on year. From January to August, the cumulative increase was 33%. Although the proportion of imported DOP in the domestic DOP market is relatively small, the decrease in imports and the increase in exports also reduce the supply and increase the demand in the domestic DOP market, which is good for the domestic DOP market.

The price of phthalic anhydride stabilized after rising

According to the price monitoring of the business community, the price of phthalic anhydride stabilized after rising this week, and the market of phthalic anhydride rose. As of September 26, the price of phthalic anhydride was 10300 yuan/ton, up 7.29% from 9600 yuan/ton on September 18 at the beginning of the week. Recently, the supply of goods in the phthalic anhydride plant is tight. Some domestic devices have been overhauled. The 120000 ton phthalic anhydride plant in Tongling, Anhui Province has been shut down for maintenance for about a month, and the 100000 ton phthalic anhydride plant in Xinyang Group has been shut down. It is expected that the start-up and restart after the National Day holiday. The domestic spot supply of phthalic anhydride is tight. The price trend of phthalic anhydride in the plant has risen significantly, the cost of DOP raw materials has risen, and the impetus for the rise of DOP has increased.

The price of isooctanol fell sharply

According to the price monitoring of the business community, the price of isooctanol dropped sharply this week. As of September 26, the price of isooctanol was 8866.67 yuan/ton, down 6.01% from 9433.33 yuan/ton on September 18 last weekend. The price of isooctanol fell, the cost of DOP fell, and the positive support of DOP weakened.

Future market expectation

Business agency DOP data analysts believe that the recent plasticizer import and export data has improved, the export volume has greatly increased and the export volume has decreased, and the supply and demand are still good. In terms of raw materials, the price of phthalic anhydride stabilized after a sharp rise, the price of isooctanol fell sharply, and the positive support of DOP weakened. In the future, the demand for DOP cost decreases and the DOP price is expected to fall slightly.