DBP prices rose sharply this week
According to the data monitoring of the business community, the DBP price rose sharply this week. As of September 19, the DBP price was 9533.33 yuan/ton, up 4.00% from 9166.67 yuan/ton on September 12 at the beginning of the week. The cost increases, the plasticizer increases, and the DBP price increases. On September 19, the DBP commodity index was 75.07, up 0.27 points from yesterday, down 32.06% from the cycle’s highest point of 110.50 (2021-10-12), and up 10.85% from the lowest point of 67.72 on August 16, 2022. (Note: the cycle refers to 2021-09-01 to now).
The price of DBP raw materials rose in shock
According to the price monitoring of the business community, the price of n-butanol rose sharply this week. The price of n-butanol on September 19 was 7200 yuan/ton, up 8.00% from 6666.67 yuan/ton on September 12 at the beginning of the week. Affected by Jinjiu, the trading atmosphere in the n-butanol market has warmed up, the confidence of the operators has improved, and the price of n-butanol has risen significantly due to the replenishment of some enterprises after the festival. The price of raw materials and the cost of DBP have increased, and the impetus for the rise of DBP has increased.
According to the price monitoring of the business community, the price of phthalic anhydride rose sharply this week, and the market of phthalic anhydride rose strongly. As of September 19, the price of phthalic anhydride was 9600 yuan/ton, up 3.78% from 9250 yuan/ton on September 12 at the beginning of the week. This week, the price of phthalic anhydride rose, the cost of phthalic anhydride rose, downstream plasticizer started to rise, the demand for phthalic anhydride rose, phthalic anhydride rose greatly, the cost of DBP raw materials rose, and the rising power of DBP in the future increased.
Future market expectation
According to the DBP data analysts of the Business Club, with the advent of the Golden Age and the Silver Age, the number of plasticizer enterprises has increased. In addition, some enterprises have replenished their warehouses after the festival. The prices of DBP raw materials, n-butanol and phthalic anhydride, have risen sharply. The cost of plasticizer has risen, and the price of plasticizer DBP has gained momentum. In the future, the supply and demand of plasticizer DBP have both warmed up, and the price support of DBP is mainly on the cost of raw materials. In terms of raw materials, after the completion of the post holiday replenishment, the support for the rise of raw materials will be weakened, the price of raw material phthalic anhydride will be strong and stable, and the cost of DBP will be strong and stable. It is expected that the DBP price will be strong and consolidated in the future.