The price of plasticizer DOP has significantly increased
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According to the Commodity Market Analysis System of Shengyi Society, as of March 2nd, the DOP price was 7800.84 yuan/ton, a fluctuating increase of 1.30% compared to the DOP price of 7700.84 yuan/ton on March 1st. The operating load of plasticizer DOP enterprises has decreased, with an operating rate of about 57-60% and a decrease in DOP production; Due to the geopolitical impact in the Middle East, the prices of isooctanol and phthalic anhydride rebounded and rose on March 2nd, while raw material prices increased and DOP costs rose. The price of plasticizer DOP fluctuated and increased.
Raw material isooctanol prices rebound and rise
According to the Commodity Market Analysis System of Shengyi Society, as of March 2nd, the price of isooctanol was 6833.33 yuan/ton, which rebounded and increased by 2.50% compared to the price of 6666.67 yuan/ton on March 1st. Isooctanol enterprises are operating at a high level, and the operating load of their facilities is maintained at around 9.5%, indicating sufficient supply of isooctanol. Due to the geopolitical impact in the Middle East, the price of isooctanol rebounded and rose on March 2nd, causing an increase in the cost of plasticizers and increasing support for DOP.
Phthalic anhydride market rebounds and rises
According to the Commodity Market Analysis System of Shengyi Society, as of March 2nd, the price of phthalic anhydride in neighboring countries was 6383.33 yuan/ton, which rebounded and increased by 3.79% compared to the price of 6150 yuan/ton on March 1st; Compared to February 1st, the price of phthalic anhydride fluctuated and rose by 2.24% to 6243.33 yuan/ton. Affected by geopolitical factors in the Middle East, crude oil prices have surged, raw material prices of ortho benzene have increased, and the cost of phthalic anhydride has risen. The price of phthalic anhydride has rebounded and risen, and the cost of plasticizers has increased. The support for the rise in plasticizers has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, due to the influence of Middle Eastern geopolitical factors, the price of isooctanol has significantly increased, the price of phthalic anhydride has rebounded and risen, and the cost of plasticizer DOP has increased. In the future, with rising costs and weak supply and demand, it is expected that the price of plasticizer DOP will fluctuate and rise.
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