The price of plasticizers fluctuated and stabilized in the first half of the year
| ferric sulfate (Poly ferric sulphate) |
According to the Commodity Market Analysis System of the Business Society, the plasticizer market fluctuated and adjusted extensively in the first half of the year, and the overall plasticizer price stabilized. As of June 30th, the DOP price was 9666.67 yuan/ton, a decrease of 0.85% compared to January 1st, when the DOP price was 9750 yuan/ton; On June 30th, the price of DOTP was 9750 yuan/ton, a decrease of 0.51% compared to January 1st, when DOTP was 9800 yuan/ton; On June 30th, the price of DBP was 8787.50 yuan/ton, a decrease of 8.14% compared to January 1st, when DBP was 9566.67 yuan/ton. In the first half of the year, the overall demand for plasticizers was weak, with sufficient supply of raw materials such as isooctanol and n-butanol. The cost of plasticizers was weakened and lowered, and the prices of plasticizers were fluctuating and stabilizing. In the relatively stable plasticizer market in the first half of the year, there were two brief peak periods. After the Spring Festival and May Day, plasticizer prices briefly soared, but demand was weak, and the support for plasticizer increases could not be sustained. After a brief increase, plasticizer prices quickly fell back and quickly broke through pre holiday prices.
Weak consolidation of isooctanol prices in the first half of the year
According to the Commodity Market Analysis System of the Business Society, as of June 30th, the price of isooctanol was 9350 yuan/ton, a decrease of 3.94% from January 1st at 9733.33 yuan/ton. In the first half of the year, the price of isooctanol fluctuated and adjusted widely, resulting in a decrease in overall isooctanol prices, a decrease in the cost of plasticizer products, and insufficient support for the increase in plasticizers.
In the first half of the year, the market for raw material phthalic anhydride fluctuated and fell
According to the market analysis system for phthalic anhydride products of the Business Society, as of June 30th, the quoted price for phthalic anhydride was 7700 yuan/ton, a decrease of 4.50% compared to the price of 8062.50 yuan/ton on January 1st. In the first quarter, the price of phthalic anhydride was affected by the increase in raw material prices, causing a fluctuation and increase in the price of phthalic anhydride. In the second quarter, the raw material of phthalic anhydride decreased, coupled with the price drop of naphthalene phthalic anhydride, the price of ortho phthalic anhydride significantly decreased. Overall, in the first half of the year, the price of phthalic anhydride fluctuated and decreased, resulting in a decrease in the cost of plasticizer raw materials and an increase in the downward pressure on plasticizers.
| Gamma-PGA (gamma polyglutamic acid) |
The price of n-butanol fluctuated significantly in the first half of the year
According to the Commodity Market Analysis System of Business Society, as of June 30th, the price of n-butanol was 7316.67 yuan/ton, a decrease of 10.41% compared to January 1st, when the price of n-butanol was 8166.67 yuan/ton. In the first half of the year, the price of n-butanol plummeted significantly, with sufficient supply and weak demand for n-butanol. As the main downstream of n-butanol, the cost of plasticizer DBP decreased. In the first half of the year, DBP prices fluctuated and fell, increasing the downward pressure on plasticizers.
Future expectations
Analysts from Business Society’s plasticizer product data believe that the demand for plasticizers remained weak in the first half of the year, and there was insufficient support for the rise of plasticizers; On the raw material side, the prices of isooctanol have weakened and consolidated, the prices of phthalic anhydride have fluctuated and fallen, the prices of n-butanol have significantly decreased, the cost of plasticizers has decreased, the prices of plasticizer DBP have plummeted, and the downward pressure on plasticizer products has increased. In the future, demand remains weak, with limited support for rising prices of raw materials such as isooctanol, phthalic anhydride, and n-butanol. The cost of plasticizers has decreased, and the operating rate of plasticizer enterprises is around 60%. The supply of plasticizers is sufficient, and demand is weak, with insufficient cost support. It is expected that plasticizer prices will fluctuate and rise in the future.
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