Price Trend
DOP prices have tumbled this week and the DOP market has been weak, according to business data monitoring. As of July 21, the price of DOP in East China was 7483.33 yuan/ton, down 116.67 yuan/ton from 7600.00 yuan/ton at the beginning of the week, or 1.54%, or 15.44% from the same period last year.
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II. Market Analysis
Product Analysis
This week, DOP external quotation shock adjustment, overall plasticizer DOP external quotation rise, good for DOP market. DOP external offer in China is 940 US dollars/ton, up 35 US dollars/ton, price in Southeast Asia is down 5 US dollars/ton; DOP equipment start-up rate of plasticizer enterprises is maintained, manufacturer stock is limited, demand is general, overall plasticizer DOP market is negative, DOP price in the future is limited, there is a certain downward pressure.
Analysis of Industrial Chain
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As for raw materials, as can be seen from the chart, the prices of octanol and phthalic anhydride, raw materials of DOP, fell this week, while the DOP market was dragged down. The decline of raw materials has affected the market of plasticizers. The overall DOP market in the future is lack of momentum to rise, and the pressure to fall is increased. It is expected that the DOP market will be mainly shocked and declined.
In terms of downstream demand, the price of PVC was stable this week, and the demand for PVC was stable. Overall, the DOP market in the future is good and limited, DOP downward pressure still exists.
3. Future Market Forecast
According to Bai Jiaxin, a DOP data analyst at business associations, raw material prices have been weak, DOP costs have fallen, and DOP prices have fallen this week. This week, DOP external price rebound, has a certain positive impact on DOP market, but raw material prices continue to fall, DOP costs decline, DOP market bearish significant impact; overall DOP market bearish, downward pressure is greater, expected future DOP prices slightly volatile decline.
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