I. price trend
According to the data monitoring of business agency, the DOP price has stabilized after a small drop this week, and the plasticizer market has remained weak and stable. As of October 25, the price of DOP in East China was 7466.67 yuan / ton, down 133.33 yuan / ton, or 1.75% compared with 7600.00 yuan / ton at the beginning of the week (October 21), and down 24.32% compared with the same period last year.
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II. Market analysis
Product analysis
Commodity name, port, price of this week, price of last week, price rise and fall, price type, unit
DOP China 930.00 940.00-10.00 CFR USD / ton
DOP Southeast Asia 1140.00 1150.00-10.00 CFR USD / ton
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As can be seen from the table, DOP’s external quotation fell this week, and DOP’s market was negative. This week, the price of DOP in China was 930.00 yuan / ton, a slight decrease of 10 dollars / ton compared with that of last week; the price of DOP in Southeast Asia was 1140 dollars / ton, a decrease of 10 dollars / ton compared with that of last week, and the price of plasticizer DOP fell, which was negative for domestic plasticizer Market.
Analysis of industrial chain
In terms of raw materials, the price of DOP raw material phthalic anhydride fell this week, but the decline slowed down. After the price of octanol fell, it stabilized. The overall cost of DOP fell, but the decline slowed down. The price of DOP fell in shock, but the downward pressure in the future weakened, and the market in the future of DOP was weak.
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In terms of downstream demand, this week’s PVC market remained stable, while the downstream demand of DOP was stable, with insufficient upward momentum. The downstream PVC market fluctuated and remained stable, the demand for DOP was general, the overall good for the future DOP market was insufficient, and the momentum for the future DOP to rise was insufficient.
III. future forecast
According to Bai Jiaxin, data analyst of DOP of business agency, the decline of raw material phthalic anhydride of DOP this week slowed down, the price of isooctanol stabilized after a small drop, the cost of DOP decreased but the space for decline was limited, the price of PVC remained stable, the demand for DOP was not good enough, and the momentum of DOP market was insufficient. The overall plasticizer DOP market decline pressure still exists, but it has been alleviated to some extent. The lack of upward momentum is difficult to support the DOP market recovery. It is expected that the future DOP market will be weak and stable.
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