The price of plasticizer DOP increased significantly in March

According to the Commodity Market Analysis System of Shengyi Society, as of March 9th, the DOP price was 9375.83 yuan/ton, a significant increase of 21.75% compared to the DOP price of 7700.84 yuan/ton on March 1st. The operating load of plasticizer DOP enterprises has increased, with the operating rate rising to around 65% and DOP production increasing; The escalating geopolitical crisis in the Middle East has led to a significant increase in crude oil prices, which have rapidly spread downstream along the industry chain. The prices of isooctanol and phthalic anhydride have also risen sharply, as have raw material prices, DOP costs, and plasticizer DOP prices.
The price of raw material isooctanol has significantly increased
According to the Commodity Market Analysis System of Shengyi Society, as of March 9th, the price of isooctanol was 9050 yuan/ton, a significant increase of 35.75% 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. The escalating geopolitical crisis in the Middle East has led to a surge in crude oil prices that has been transmitted downstream, resulting in a significant increase in isooctanol prices, rising costs of plasticizers, and increased support for DOP increases.
The phthalic anhydride market has seen a significant increase
According to the Commodity Market Analysis System of Shengyi Society, as of March 9th, the price of phthalic anhydride in neighboring countries was 7466.67 yuan/ton, a significant increase of 21.41% compared to the price of 6150 yuan/ton on March 1st. Affected by the intensified geopolitical crisis in the Middle East, crude oil prices have surged, transmitted downstream, and the price of raw material ortho benzene has skyrocketed to 10700 yuan/ton, resulting in a significant increase in the cost of phthalic anhydride. The price of phthalic anhydride has surged, the cost of plasticizers has increased, and the support for the rise in plasticizers has increased.
Future expectations
According to the data analyst of Shengyi Society’s plasticizer products, the intensification of the Middle East geopolitical crisis has led to a surge in crude oil prices, which has been transmitted downstream. The prices of isooctanol and phthalic anhydride have also surged, resulting in an increase in the cost of plasticizer DOP. In the future, with the ongoing crisis in the Middle East, high crude oil prices, rising downstream costs, and an increase in supply and demand, it is expected that the price of plasticizer DOP will rise significantly in the future.