This week, the price of plasticizer DOP first fell and then rose

According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the DOP price was 8167.50 yuan/ton, a decrease of 0.41% compared to the DOP price of 8200.83 yuan/ton on May 16th. The operating rate of DOP plasticizer enterprises has temporarily stabilized, and with the economic and trade talks between China and the United States and the easing of tariffs, the demand for plasticizers is expected to increase. The growth of plasticizer production is not as expected, and the price of isooctanol first fell and then rose. The price of phthalic anhydride fluctuated and fell, and the cost of plasticizers first fell and then rose. The support for the increase in plasticizer prices is relatively weak.
This week, the price of raw material isooctanol first fell and then rose
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of isooctanol was 7383.33 yuan/ton, a decrease of 3.62% compared to the price of 7443.33 yuan/ton on May 16th. The easing of tariffs has led to an expected rebound in demand for isooctanol, but the actual increase in demand has fallen short of expectations, causing the price of isooctanol to fluctuate and fall from a high level; With the decrease in prices and the recovery of demand, the price of isooctanol has rebounded slightly and increased. Isooctanol manufacturers are operating steadily, with sufficient supply of isooctanol. Stable supply and poor demand growth have led to fluctuating and stabilizing prices of isooctanol.
This week, the price of raw material phthalic anhydride fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of May 24th, the price of phthalic anhydride in neighboring countries was 7033.33 yuan/ton, a fluctuating decrease of 0.47% compared to the price of 7066.67 yuan/ton on April 16th. This week, the equipment production of phthalic anhydride enterprises has been stable, and the supply of phthalic anhydride is sufficient; Downstream demand for plasticizers is weak, and the price of phthalic anhydride is fluctuating and falling. The demand for phthalic anhydride is insufficient, and the price of phthalic anhydride is weak and stabilizing.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol first fell and then rose, the price of phthalic anhydride fluctuated and fell, and the cost of plasticizer DOP first fell and then rose; In terms of demand, the suspension of tariffs between China and the United States is beneficial for international trade, but the recovery of demand in the plasticizer market is not as expected. In the future, there is a glimmer of hope in the US China trade negotiations, with downstream demand expected to recover but not as expected. Costs have stabilized and demand recovery is not as expected, leading to a strong consolidation of plasticizer DOP prices in the future.