Price trend

According to the data monitoring of the business association, the DOP market stopped falling and adjusted this week, and the DOP price stopped falling and stabilized. As of March 29, the DOP price was 11900.00 yuan / ton, down 13.77% from 13800.00 yuan / ton on March 1, and stabilized from 11900 yuan / ton at the beginning of last week (March 22). Raw material market rebounded, DOP market stabilized.

Isooctanol tends to stabilize

It can be seen from the price trend chart of isooctanol that the downstream industry chain is rising due to the rise of crude oil price. This week, the price of isooctanol stopped falling and rebounded, the cost of DOP raw materials rose, the downward pressure of DOP weakened, and the upward momentum increased. DOP market has a certain rise support.

Phthalic anhydride tends to be stable

From the trend chart of phthalic anhydride, it can be seen that the price of phthalic anhydride remained stable after the sharp fall this week, the market of phthalic anhydride stabilized, the cost of raw material phthalic anhydride of DOP slowed down, the cost of DOP stabilized, and the downward pressure of DOP weakened in the future.

Market summary and future expectation

Bai Jiaxin, DOP data analyst of business news agency, believes that the price of raw materials stopped falling and rebounded last week, the cost of DOP rose slightly, and the DOP market recovered briefly. With the reopening of Suez Canal, the crude oil price lost its support, and the downstream industry chain market fell. Affected by the epidemic situation in Europe and India, the risk of crude oil price falling in the future increased, the product price of downstream industry chain lost its support, the price of phthalic anhydride and isooctanol was expected to drop, the cost of DOP fell, the stability of DOP was difficult to maintain, and the downward pressure of DOP in the future was greater.