DOTP prices plummeted in June

According to the data monitoring of business agency, the price of DOTP plummeted in June. As of June 30, the price of DOTP was 9850 yuan / ton, down 18.76% from 12125 yuan / ton on June 1 at the beginning of the month. With the advent of the off-season, the cost of raw materials fell sharply in June, and the DOTP market fell sharply.

The price of isooctanol plummeted in June

According to the price monitoring of business agency, the domestic isooctanol price fell sharply in June. As of June 30, the isooctanol price was 9100 yuan / ton, down 26.81% from 12433.33 yuan / ton on June 1 at the beginning of the month. When the off-season came, the price of isooctanol plummeted in June, the cost of DOTP fell, and the downward pressure on the DOTP market increased.

PTA prices rose first and then fell in June

According to the price monitoring of business agency, PTA prices rose first and then fell in June. PTA prices rose with the fluctuation of crude oil prices in the first ten days of June, and the high crude oil prices fell in the middle and late ten days of June, and PTA prices followed the decline. As of June 30, PTA price was 6724 yuan / ton, down 1.78% from the PTA price of 6846 yuan / ton on June 1 at the beginning of the month. PTA prices fell, the cost of DOTP fell, the positive momentum of DOTP weakened, and the downward pressure increased.

Aftermarket expectations

According to DOTP data analysts of business agency, the high crude oil price fell in June, PTA prices fell violently, isooctanol prices fell sharply in the off-season demand, DOTP costs fell, DOTP’s upward momentum weakened, and downward pressure increased. In the future, the decline in the cost of DOTP raw materials accumulated in the off-season of the market, and the downward pressure on DOTP increased. It is expected that the price of DOTP will plummet in the future.