The price of plasticizer DOP fluctuated and rose in January

According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the DOP price was 8513.75 yuan/ton, a fluctuating increase of 3.49% compared to the DOP price of 8226.25 yuan/ton on January 1st. The profit margin of plasticizer DOP is high, plasticizer enterprises are actively operating, downstream plasticizer enterprises have high operating rates, and plasticizer supply is sufficient. After the New Year’s Day holiday and with manufacturers replenishing their inventory before the Spring Festival, there was a brief increase in demand for plasticizers. As a result, the supply of plasticizer DOP stabilized and demand increased, leading to fluctuating prices of plasticizer DOP.

Raw material prices fluctuate and rise

According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the price of isooctanol was 8033.33 yuan/ton, a fluctuating increase of 5.70% compared to the price of 7600 yuan/ton on January 1st. In January, the equipment production of isooctanol enterprises remained stable. After the New Year’s Day holiday, inventory was replenished, and downstream manufacturers stocked up before the Spring Festival, resulting in a brief increase in demand. As a result, the price of isooctanol fluctuated and rose in January.

Future expectations

According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the price of isooctanol has risen, the price of phthalic anhydride has fluctuated and stabilized, and the cost of plasticizer DOP has increased; In terms of demand, restocking and stocking up have led to an increase in demand for plasticizers; On the supply side, plasticizer companies have high profits, are actively operating, and there is an oversupply of plasticizer companies. In the future, the price of raw material isooctanol will rise, and the cost of plasticizers will increase; In addition, with the double increase in supply and demand, it is expected that the price of plasticizer DOP will fluctuate and stabilize.