I. price trend
According to the data monitoring of the business agency, the DOP price fell slightly in November, and the overall plasticizer DOP market remained stable. As of November 19, the price of DOP in East China was 7366.67 yuan / ton, down 83.33 yuan / ton, or 1.12% compared with 7450.00 yuan / ton at the beginning of the month (November 1), and down 21.70% compared with the same period last year.
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II. Market analysis
Product analysis
Commodity name port 10.25 price 10.18 price 10.11 price 10.4 price type unit
DOP China 930.00 940.00 950.00 965.00 CFR USD / ton
DOP Southeast Asia 1140.00 1150.00 1180.00 1200.00 CFR USD / ton
© October 2019 business club www.100ppi.com
As can be seen from the table, DOP’s external quotation fell sharply in October, and DOP’s market was negative. In October, the external quotation of DOP in China fell by 35.00 USD / T; in Southeast Asia, the external quotation of DOP fell by 60 USD / T, the external quotation of plasticizer DOP fell, and the domestic plasticizer market was negative.
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Analysis of industrial chain
In terms of raw materials, in November, the price of DOP raw materials, phthalic anhydride, remained stable after fluctuating and falling, and the price of octanol fell, and the price of phthalic anhydride and isooctanol fell more than that of DOP. The overall cost of DOP fell, which was negative for DOP market. The downward pressure of DOP market was great, and the price of DOP fell.
In terms of downstream demand, PVC market surged in November, and the downstream demand of DOP recovered, and the future DOP market was favorable. However, due to the limited growth of PVC, the momentum of DOP rising was general.
III. future forecast
According to Bai Jiaxin, data analyst of DOP of business agency, the price of raw materials phthalic anhydride and isooctanol of plasticizer DOP fell in November, the cost of DOP fell, and DOP market was negative. Downstream, PVC prices rose slightly in November, and DOP demand was good. DOP market had rising power but not enough power. Generally speaking, the plasticizer DOP market has some downward pressure, but the downward pressure is weakened, and the demand is rising. The plasticizer DOP market has an upward momentum, but the power is limited, so it is difficult to support the DOP market to recover. It is expected that the future DOP market will be mainly stable.
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