The off-season hit, and DOP prices fell sharply in June

DOP prices fell sharply in June

 

According to the data monitoring of the business agency, the market demand in the off-season was insufficient, and the DOP price fell sharply in June, the largest monthly decline of 17.94% in a year. As of June 30, the DOP price was 9775 yuan / ton, down 17.94% from 11912.5 yuan / ton on June 1 at the beginning of the month. DOP prices hit the largest monthly decline, and DOP prices re entered the era of 1000 yuan.

 

The price of isooctanol plummeted in June

 

Polyglutamic acid

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

 

The high price of phthalic anhydride fell in June

 

According to the price monitoring of the business club, the price of phthalic anhydride first rose and then fell in June, and the phthalic anhydride market peaked and fell. As of June 30, the price of phthalic anhydride was 8575 yuan / ton, down 1.15% from the mid month high of 8675 yuan / ton; Compared with the price of 8300 yuan / ton on June 1 at the beginning of the month, the price increased by 3.31%. With the arrival of the off-season, the price of phthalic anhydride peaked and fell in June, the cost of DOP raw materials fell, and the driving force of DOP price rise weakened.

 

Aftermarket expectations

 

According to DOP data analysts of business news agency, the start-up of downstream enterprises was low in June, the plasticizer market was in the off-season, downstream enterprises reduced production and stopped production more, and the demand for plasticizers was insufficient; The price of isooctanol fell sharply, the high price of phthalic anhydride fell, the cost of plasticizer DOP fell, and the price of DOP fell sharply; The cumulative shutdown in the off-season of the market increased, the downstream demand of DOP was insufficient, the downward pressure of DOP increased, and the upward momentum weakened. Generally speaking, the off-season is coming, the price of raw materials is falling, the demand is insufficient, and the downward pressure on DOP is increasing. It is expected that the future DOP price will fluctuate and fall.

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