Increased downward pressure on plasticizer DBP after cost reduction

The price of plasticizer DBP rose first and then fell this week

 

According to the Commodity Market Analysis System of the Business Society, as of August 8th, the DBP price was 9637.50 yuan/ton, an increase of 1.58% compared to the price of 9487.50 yuan/ton on July 30th. The price of DBP raw material butanol first rose and then fell, while the price of phthalic anhydride fluctuated and rose. The cost of plasticizer DBP increased, and the demand for plasticizers remained cold. The operating rate of plasticizer enterprises was about 50%, and the supply of plasticizers was insufficient. This week, the price of plasticizer DBP first rose and then fell.

 

The price of isooctanol skyrocketed this week

 

According to the Commodity Market Analysis System of the Business Society, the price of isooctanol on August 8th was 11033.33 yuan/ton, an increase of 11.45% compared to the price of 9900 yuan/ton on July 30th. The planned and unexpected fluctuations in domestic octanol units have led to continuous tightening of the supply side, resulting in continuous increases in octanol prices. The inventory of isooctanol is low, and the market center has shifted upwards. This week, the price of isooctanol has skyrocketed, and the cost of plasticizer DBP raw materials has increased. The price of plasticizer DBP has also risen this week. As the price of isooctanol rises to a high point, buying and chasing high sentiment has become cautious. In mid to late August, two sets of isooctanol units in Shandong and Jiangsu are planned to restart, and the supply side of the isooctanol market is expected to be loose. In the future, the downward pressure on isooctanol will increase.

 

The price of n-butanol has stopped rising and fallen this week

 

According to the Commodity Market Analysis System of the Business Society, as of August 8th, the price of n-butanol was 7966.67 yuan/ton, an increase of 3.46% compared to July 30th, when the price of n-butanol was 7700 yuan/ton. In some regions of China, the centralized maintenance of n-butanol units has led to a reduction in on-site supply, and tight spot circulation has supported the upward movement of the n-butanol market. Downstream demand is flat, and downstream enterprises have average purchasing enthusiasm. This week, the price of n-butanol first rose and then fell, and the cost of plasticizers has stopped rising. However, there is insufficient support for the price increase of plasticizer DBP in the future.

 

Future expectations

 

Analysts from Business Society’s plasticizer product data believe that the resumption of operations by isooctanol enterprises has increased the pressure on the price decline of isooctanol; Poor demand, the price of n-butanol has stopped rising and fallen, the price of ortho benzene has increased, and the support for the rising market of phthalic anhydride still exists. The cost of plasticizer DBP products has decreased; The demand for PVC has turned cold, while the demand for plasticizers remains cold. In the future, costs will decrease, demand will be cold and supply will be insufficient, and it is expected that DBP prices will fluctuate and consolidate in the future.

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