The price of DOTP fell in February

According to the data monitoring of the Business Agency, as of February 28, the average price of DOTP was 9975 yuan/ton, down 7.21% from the average price of 10750 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), the plasticizer enterprises started to recover, the supply of DOTP increased, the price of raw materials fell, and the cost support of DOTP was insufficient. In February, the price of DOTP fell in shock.

The price of raw materials fell in February

According to the data detection of the business agency; As of February 28, the price of isooctanol was 9166.67 yuan/ton, down 14.06% from 10666.67 yuan/ton on February 1. After the Yuanxiao (Filled round balls made of glutinous rice-flour for Lantern Festival), isooctanol enterprises resumed construction in succession. The supply of isooctanol was sufficient, the downstream demand remained weak, the inventory remained before the festival, and downstream customers sought bargains to replenish the inventory. In February, the price of isooctanol fell sharply, and the downward pressure on DOTP was greater. Later, the demand for isooctanol started to stabilize, the price of isooctanol stabilized, and the momentum for DOTP to rise remained.

According to the data of the Business Agency, as of February 28, the PTA price was 5597.27 yuan/ton, down 2.89% from the price of 5763.64 yuan/ton on February 1. In February, PTA enterprises resumed construction in succession, downstream demand rose slowly, PTA orders were poor, and PTA prices fell in February; With the arrival of the traditional peak season in March, the PTA demand is expected to rise, the PTA price is expected to rise in the future, the DOTP cost support remains, and the DOTP rising power is expected to remain.

Downstream PVC market fell first and then rose

According to the price monitoring of the Business Agency, the PVC quotation was 6313.33 yuan/ton as of February 28, down 0.39% from the price of 6338.33 yuan/ton on February 1. In February, the spot price of PVC fell first and then rose, with a slight decline overall. The performance of real estate data in February was poor, the resumption of work and production was less than expected, the PVC spot market transaction was tepid, and the enthusiasm of downstream and traders to take goods was not high. In short, the growth of DOTP demand was limited, and the support for the rise of DOTP was insufficient.

Aftermarket expectation

According to DOTP data analysts of the Business Agency, in February, the raw material of plasticizer DOTP, isooctanol, fell sharply, the price of PTA fell first and then rose, and the cost of plasticizer DOTP raw material fell; Downstream customers are looking for bargains to replenish their stocks. The DOTP demand in February was less than expected, and the DOTP demand support was insufficient. With the economic recovery, the price of isooctanol has stabilized, the price of PTA has stopped rising, and the demand for PVC has recovered slowly. In the future, the cost support still has a slow recovery of demand. It is expected that the DOTP will shake and consolidate strongly in the future.