The price of plasticizer DOP fluctuated and increased in May
According to the Commodity Market Analysis System of Shengyishe, as of May 29th, the price of plasticizer DOP was 10162.50 yuan/ton, an increase of 3.83% compared to the DOP price of 9787.50 yuan/ton on May 1st at the beginning of the month. The price of raw material phthalic anhydride for plasticizers has increased, while the price of isooctanol has stabilized at a high level. The cost of plasticizers has increased, and the profit of plasticizer DOP has decreased. The production of plasticizer DOP enterprises has decreased, and the supply of plasticizer DOP 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 phthalic anhydride fluctuated and rose 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 unit 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 increase in plasticizer DOP costs.
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%, unchanged on a month on month basis and decreasing year-on-year. In the short term, the supply of fundamentals has decreased due to maintenance, while 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. Real estate transactions have boosted demand in the building materials market, and 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 demand for plasticizers remains weak.
Future expectations
Business Society plasticizer product data analysts believe that the price of plasticizer DOP fluctuated and increased in May. The production of plasticizer DOP manufacturers has slightly decreased, and both 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, supply and demand have increased, and the support for rising raw material prices has weakened; Downstream demand support is increasing, and the price of plasticizer DOP is expected to stabilize strongly in the future.
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