DOTP prices fell slightly in September

According to the data monitoring of the business community, in the first and second quarters of 2022, the DOTP price will be adjusted to a high level, and in the third quarter, the DOTP price will enter the off-season. The DOTP price will be adjusted to a low level, and in September, the DOTP price will be stabilized. The DOTP price on September 29 was 10075 yuan/ton, down 0.98% from 10175 yuan/ton on September 1 at the beginning of the month. With the advent of the golden nine and silver ten, the DOTP price could have changed its declining trend and reached a new high. However, the spot transaction was sluggish, and the DOTP rose weakly. In September, the DOTP price fell slightly.

The price of isooctanol dropped slightly in September

According to the price monitoring of the business community, the price of isooctanol dropped in September. As of September 29, the price of isooctanol was 8866.67 yuan/ton, down 2.92% from 9133.33 yuan/ton on September 1 at the beginning of the month. The price of isooctanol fell, the cost of DOTP fell, and the positive support of DOTP weakened.

PTA prices rose first and then fell in September

According to the price monitoring of the business community, the PTA price rose first and then fell in September. The overall PTA market was volatile and stable. As of September 29, the PTA price was 6379.17 yuan/ton, up 0.37% from 6355.83 yuan/ton on September 1 at the beginning of the month. In September, the starting load of PTA was low, there were many enterprises that stopped production for maintenance, the supply of PTA was insufficient, the PTA price fluctuated and stabilized, and the DOTP cost support was insufficient.

Domestic PVC output

According to the data released by the National Bureau of Statistics, in August 2022, the output of primary morphoplastic decreased by 2.6% year on year; From January to August, the output of primary form plastics totaled 73.78 million tons, up 0.6% year on year; In August, the output of plastic products was 6.441 million tons, down 6.9% year on year. From January to August, the output of plastic products was 5054.7 tons, down 4.9%. The output of PVC products in the downstream declined, the demand for plasticizers declined, the demand for DOTP was insufficient, and the downward pressure on DOTP was large.

Future market expectation

Analysts of DOTP data from the business association believed that, in terms of raw materials, the price of isooctanol dropped slightly, PTA price stabilized, the cost of plasticizer DOTP stabilized, and DOTP’s rising momentum stabilized; In terms of demand, the output of PVC products declined, the demand for plasticizers was insufficient, and DOTP fell under great pressure. The central banks of the United States and the seven European and African countries raised interest rates, and a series of radical policies intensified the market’s concern about the global economic outlook. PVC demand in September was lower than expected. The peak season is not prosperous, and the demand for plasticizer is insufficient. In the future, the demand for cost stabilization is insufficient, and the upward momentum of DOTP is weakened. The downward pressure is increased. It is expected that the DOTP price will become stable in the future.