DBP prices of plasticizers weakened and consolidated in April
According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the DBP price was 9337.50 yuan/ton, a fluctuating decrease of 0.27% compared to the DBP price of 9362.50 yuan/ton on April 1st. The decline of DBP in April slowed down compared to February and March, and DBP prices in April were weak and consolidated.
The raw material n-butanol fluctuates and falls, the price of isooctanol fluctuates and falls, and the cost of DBP decreases; The decline in downstream spring maintenance work compared to the same period last year, the demand support for plasticizer DBP still exists, and the support for DBP price increases is limited.
The price of n-butanol fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the price of n-butanol was 7833.33 yuan/ton, a fluctuation decrease of 0.63% compared to the price of n-butanol on April 1st, which was 7950 yuan/ton. The overall production capacity utilization rate in the n-butanol field has slightly decreased, and the overall supply pressure in the n-butanol market has been alleviated. The supply side provides support to the n-butanol market. The downstream demand for n-butanol is mainly for rigid procurement, and downstream users are stocking up before the May holiday. The overall inquiry atmosphere on site has improved, and there is still support from the demand side. The price of n-butanol fluctuates and consolidates, with weak support for DBP costs.
The price of isooctanol fluctuated and fell in April
According to the Commodity Market Analysis System of Business Society, as of April 29th, the price of isooctanol was 9700 yuan/ton, a fluctuation decrease of 3.58% compared to the price of 10060 yuan/ton on April 1st. In April, the price of isooctanol fluctuated and fell. In April, the price of isooctanol did not continue the downward trend in March. The price of isooctanol remained low and consolidated, while the price of raw material propylene fluctuated and consolidated. Cost support was insufficient, and the downward pressure on isooctanol increased. The upward momentum weakened; Downstream customers have average purchasing enthusiasm, with limited support from isooctanol.
Downstream enterprises have less than expected maintenance
In April, downstream enterprises began spring maintenance one after another, with an increase in enterprise maintenance. This year, the demand for plastic products in the market has been sluggish, and the order situation is lower than expected, resulting in limited growth in demand for plasticizers. There is still downward pressure on the demand side of plasticizers in the future. In April, the capacity utilization rate of PVC production enterprises decreased month on month, but the maintenance of enterprises did not meet expectations, and the capacity utilization rate of enterprises increased year-on-year. The maintenance is mainly concentrated in mid April, and in the latter half of the year, the maintenance enterprises gradually recover, with a slow increase in production and strong demand for plasticizers.
Future expectations
Business Society plasticizer product data analysts believe that in terms of cost: n-butanol fluctuates and falls, isooctanol prices fluctuate and fall, DBP raw material costs decrease, and DBP downward pressure increases; On the supply side, plasticizer DBP manufacturers are operating steadily, and there is an oversupply of DBP; In terms of demand, downstream manufacturers will undergo spring maintenance, but the decrease in operating load is less than expected, and the demand for plasticizers is still supported. In the future, cost reduction will support demand; Expected weak and stable DBP prices in the future.
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