Wide consolidation of plasticizer DOTP prices in November
According to the Commodity Market Analysis System of the Business Society, as of November 10th, the price of DOTP was 11450 yuan/ton, an increase of 1.78% compared to the fluctuating price of 11250 yuan/ton on November 1st. In November, the price of isooctanol rose and fell sharply, and PTA prices fluctuated and consolidated. Under the influence of cost factors, the price of DOTP in November adjusted widely.
PTA prices fluctuated and consolidated in November
According to the Commodity Market Analysis System of the Business Society, on November 10th, the PTA price was 5888 yuan/ton, a fluctuating decrease of 0.83% compared to the price of 5937 yuan/ton on November 1st. The chemical fiber market is operating in a weak state, with a general trading atmosphere and poor demand for PTA. Crude oil prices have fluctuated and decreased significantly, resulting in a decrease in PTA costs. PTA prices have been volatile and consolidated in November.
The price of isooctanol skyrocketed and plummeted
According to the quotations from major isooctanol manufacturers, it can be seen that in November, the price of isooctanol continued its downward trend in October, and the quotations from major isooctanol manufacturers plummeted by 400 to 600 yuan/ton. This week, the prices of isooctanol manufacturers rebounded significantly; On November 10th, the price of isooctanol decreased by 200 to 300 yuan/ton. In November, the price of propylene first fell and then surged, with a wide adjustment in the cost of isooctanol. Downstream plasticizer companies started at a low level, resulting in poor demand for isooctanol and a wide adjustment in the price of isooctanol.
Future expectations
Analysts from Business Society’s plasticizer product data believe that in November, PTA prices first fell and then rose, while the prices of isooctanol and plasticizer DOTP were broadly consolidated; The plastic market is weak, and downstream customers have poor purchasing enthusiasm. The demand for plasticizer DOTP remains weak. Overall, raw materials have surged and fallen sharply, while demand remains weak. It is expected that the price of plasticizer DOTP will consolidate broadly in the future.
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