View on DOP trend on August 4

On August 4, DOP price was strong and temporarily stable

 

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According to the data monitoring of the business agency, the DOP price rose on August 4, and the DOP market picked up slightly. On August 4, the DOP price was 9062.50 yuan / ton, up 0.14% from the DOP price of 9050 yuan / ton on the previous trading day; Recently, the DOP price is close to the cost line, the demand side has warmed up, and the DOP market has risen slightly.

 

Key points of analysis

 

The price of raw material isooctanol stopped falling and rose, the price of phthalic anhydride was temporarily stable, and the cost of DOP was strong and temporarily stable; The price of downstream plastic PVC rose, and the demand picked up slightly; The downward pressure of plasticizers remains, and the upward momentum is increased.

 

Aftermarket expectations

 

The strong cost temporarily stabilized the recovery of demand, the upward momentum of DOP increased, and the downward pressure remained. It is expected that DOP prices will be strongly adjusted in the future.

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