The price of plasticizer DOP fluctuated sharply and fell in October

According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the DOP price was 7009.16 yuan/ton, a significant decrease from the DOP price of 7367.50 yuan/ton on October 1st, and the price fell to a new low since October 2020; DOP prices have been declining for four consecutive months, with a decrease of 4.86% in October, the largest monthly decline of the year.
According to the Commodity Market Analysis System of Shengyi Society, in October, the operating load of DOP enterprises was less than 60%, the operating rate decreased, DOP production decreased, and DOP supply decreased; The raw material isooctanol has dropped significantly, the price of phthalic anhydride has dropped significantly, the cost of DOP has decreased, and the downward pressure on DOP has increased; In October, the operating rate of DOP enterprises decreased, DOP production decreased, and DOP supply decreased; Downstream demand is difficult to improve, and DOP demand transactions are weak. Due to the decrease in costs and weak supply and demand, the price of plasticizers fluctuated and fell in October.
The price of raw material isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the price of isooctanol was 5950 yuan/ton, which fluctuated and fell from the price of 6666.67 yuan/ton on October 1st, reaching the lowest price since May 2020. The price of isooctanol has been declining for four consecutive months, with a 10.75% drop in October, marking the largest decline of the year. The price of isooctanol has fallen, the cost of plasticizers has decreased, and the downward pressure on DOP has increased.
The price of raw material phthalic anhydride has fluctuated and fallen
According to the Commodity Market Analysis System of Shengyi Society, as of October 31st, the price of phthalic anhydride in neighboring countries was 5950 yuan/ton, which fluctuated and fell from the price of phthalic anhydride on October 1st at 6293.33 yuan/ton, hitting a new low in phthalic anhydride prices since March 2021. The price of phthalic anhydride has been declining for seven consecutive months, with a 5.46% drop in October, marking the largest monthly decline of the year. The price of phthalic anhydride has dropped significantly, the cost of plasticizers has decreased, and the downward pressure on plasticizer DOP has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, in terms of cost, the prices of raw materials isooctanol and phthalic anhydride have dropped significantly, and both have hit new lows in recent years. The cost of plasticizer DOP has also dropped significantly, and the downward pressure on DOP has increased; In terms of supply, the operating rate of plasticizer enterprises slightly rebounded in late October, and the supply of plasticizers will increase in the future. Moreover, the price of plasticizer DOP is at a historical low, and the downward pressure and willingness of plasticizers are relatively low; In terms of demand, the quality of gold, silver, and silver is insufficient, and downstream demand remains weak. Overall, the downward space for plasticizer DOP is insufficient, and the upward support is weak. It is expected that the price of plasticizer DOP will consolidate at a low level in the future.