Price Trend
According to the data monitoring of business associations, DOP prices have suddenly increased slightly this week after changing the previous downward trend. As of March 28, the price of DOP in East China was 8366.67 yuan/ton, up 2.24% from 8183.33 yuan/ton last weekend. DOP prices recovered slightly this week.
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II. Market Analysis
Product analysis
DOP market demand is strong this week, but the start-up rate of DOP equipment in plasticizer enterprises remains high. Overall market demand and supply are booming, market demand is still acceptable, but at the same time, supply is sufficient, overall plasticizer DOP market is maintained, DOP price has no driving force to support.
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Analysis of Industrial Chain
As can be seen from the chart above, the price of octanol has suddenly risen this week, which has led to the rise of DOP prices. Owing to the overhaul of sudden equipment failure in octanol enterprises last weekend, the supply of octanol was tight, the price of octanol was rising, and the price of upstream octanol was good for DOP. The price of octanol rose by 1.29% this week, which had a significant impact on the plasticizer DOP. Trading in the market is good, but the rise in raw material prices and DOP costs has led to an urgent price increase for DOP enterprises, and overall future plasticizer DOP is good.
3. Future Market Forecast
Bai Jiaxin, DOP data analyst of business association, thinks that the DOP market demand is good at present, but the DOP equipment of plasticizer manufacturer keeps high start-up rate, sufficient supply and stable DOP market; the price of raw material octanol rises, and the cost of DOP rises, but because the equipment overhaul capacity of octanol enterprise has little effect on the overall market, the shortage price rises in the short term, but the price of octanol rises not. Can continue, future octanol prices are still mainly stable, overall future DOP cost is stable, future plasticizer DOP market performance is still booming supply and demand, DOP market is stable, DOP future price is stable.
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