Price trend
According to the data monitoring of business news agency, the DOP market fluctuated and fell in March, with no support from the industrial chain, and the DOP price fluctuated and fell. As of March 17, the DOP price was 12700.00 yuan / ton, down 7.97% from 13800.00 yuan / ton on March 1. Industry chain support no longer, DOP market plummeted.
Isooctanol tends to stabilize
It can be seen from the price trend chart of isooctanol that the price of isooctanol fluctuated and fell in March, the cost of DOP raw materials fell, DOP lost its support, and the price of DOP fell precipitously. In the first ten days of March, the price of octanol fell slightly, and the downward pressure of DOP was limited. After that, the price of octanol fell sharply, the cost of DOP dropped greatly, and the downward pressure increased. Overall, the momentum of DOP’s rise in the future is weakened, and the downward pressure is increased.
Phthalic anhydride tends to be stable
From the trend chart of phthalic anhydride, we can see that the price of phthalic anhydride continued to fall in March, the cost of raw material phthalic anhydride of DOP continued to decline, the cost of DOP decreased, and the downward pressure of DOP increased in the future.
Downstream market of industrial chain
It can be seen from the PVC price trend chart that the PVC price first fell and then rose in March. Affected by the decline of DOP price, the PVC price fell slightly. With the recovery of PVC demand, the PVC market rose, the PVC price fluctuated and rose, and the downstream market warmed up, the plasticizer DOP market had a certain positive effect, and the DOP rising power still remained.
Market summary and future expectation
Bai Jiaxin, DOP data analyst of business news agency, believes that DOP prices hit a cycle high on February 25, 2021 (the cycle refers to 2011-09-01 so far), which is mainly supported by the continuous rise of raw material prices. Later, with the decline of raw material prices, DOP costs fell, and DOP prices fluctuated and fell. Before March 10, due to the high price of isooctanol, the cost of DOP was high and the profit was low, and the drop space of DOP was limited. Then, with the sharp drop of the price of isooctanol, the cost of DOP decreased, the drop space of DOP increased, and the price of DOP plummeted. Although the downstream PVC market is warming up, DOP demand is rising, and DOP price rebounds slightly, the rising power brought by the increasing demand is not enough to support the continuous rise of DOP. With the increase of DOP enterprise operating rate, the pressure of supply and demand is alleviated, the demand support is weakened, the rising power of DOP in the future is weakened, and the falling pressure is increased. Generally speaking, the DOP cost in the future will decrease, the operating rate of enterprises will increase, the support for DOP rise will weaken, and the high price will cause the cost pressure of downstream products to be too high, and the downstream customers will have greater resistance to the high price DOP. At present, the operating rate of DOP enterprises is low, and the recovery of PVC market will increase the operating rate of DOP enterprises, which has limited power for the rise of DOP market. DOP market is expected to fall slightly in the future.
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