DBP prices rose slightly in September

According to the data monitoring of the business community, the DBP price in the first and second quarters of 2022 was adjusted at a high level. In June, the DBP entered the off-season, the DBP demand was low, and the DBP price in the third quarter was adjusted at a low level. As of September 30, the DBP price was 9500 yuan/ton, up 1.06% from 9400 yuan/ton on September 1 at the beginning of the month. With the advent of “golden nine and silver ten”, the DBP market is expected to recover, and the DBP price has reached a new high. However, the plasticizer peak season in September was not strong, and the spot transaction was sluggish.

Price of raw material phthalic anhydride stabilized after soaring

According to the price monitoring of the business community, the price of phthalic anhydride stabilized after rising in September. As of September 29, the price of phthalic anhydride was 10300 yuan/ton, up 18.05% from 8725 yuan/ton on September 1 at the beginning of the month. Due to the double impact of the soaring price of raw materials and the increasing maintenance of phthalic anhydride enterprises, the spot supply of domestic phthalic anhydride is tight, the price trend of phthalic anhydride is rising sharply, the price of phthalic anhydride is stabilizing in the later ten days, the cost of DBP raw materials is stabilizing, and the rising power of DBP in the future market is weakened.

The price of raw material n-butanol was lowered in “M-type”

According to the price monitoring of the business community, the price of n-butanol fell in a “M-shaped” shock in September. The price of n-butanol on September 30 was 6666.67 yuan/ton, down 2.91% from 6866.67 yuan/ton on September 1 at the beginning of the month. With the advent of the Mid Autumn Festival and the National Day, the downstream staged stock up, and the price of n-butanol rose. After the short-term stock up, the market demand weakened, and the price of n-butanol fell rapidly. On the whole, the trading atmosphere of n-butanol in September was general, the price of n-butanol fell in shock, the cost of DBP fell, and the upward momentum of DBP weakened.

Decrease in domestic PVC output

According to the data released by the National Bureau of Statistics, the output of primary plastic in August 2022 was 8.944 million tons, down 2.6% year on year; From January to August, the output of primary form plastics totaled 73.78 million tons, up 0.6% year on year; In August, the output of plastic products was 6.441 million tons, down 6.9% year on year. From January to August, the output of plastic products was 5054.7 tons, down 4.9% year on year. The output of PVC products in the downstream declined, the demand for plasticizers declined, the demand for DBP was insufficient, and the pressure for DBP to fall was large.

Future market expectation

According to the DBP data analysts of the business association, in terms of raw materials, the price of phthalic anhydride rose sharply, the price of n-butanol fell in shock, the plasticizer DBP rose strongly, and the DBP price rose slightly in shock; In terms of demand, the output of PVC products declined, the demand for plasticizers was insufficient, and the downward pressure on DBP increased. In the future, the price of phthalic anhydride became stable in late September, the price of n-butanol became weak and stable, the cost of plasticizer DBP became stable and the demand was low. The rising support of DBP weakened the downward pressure. It is expected that the future DBP price will fluctuate and consolidate.