In January, DOP prices fluctuated and fell

The price of plasticizer DOP fluctuated and fell in January

According to the Commodity Market Analysis System of Shengyishe, as of January 31st, the price of DOP was 11770 yuan/ton, a fluctuating decrease of 2.66% compared to the price of 12091.67 yuan/ton on January 1st. The price of raw material isooctanol was discounted for sales, and the cost of plasticizer DOP decreased. In January, DOP prices fluctuated and fell.

The price of isooctanol fluctuated and fell in January

According to the Commodity Market Analysis System of Shengyishe, as of January 31st, the quotation for isooctanol was 12350 yuan/ton, a fluctuating decrease of 4.63% compared to the quotation for isooctanol on January 1st, which was 12950 yuan/ton. In December, Qilu Petrochemical’s isooctanol equipment was shut down due to an accident, and the price of isooctanol skyrocketed. At the beginning of the month, the price of isooctanol remained high, and the supply of isooctanol exceeded the demand. Isooctanol manufacturers offered discounts to sell, causing the price of isooctanol to fluctuate and fall; As the Spring Festival approaches, plasticizer manufacturers are stocking up, the price of isooctanol has stopped falling, raw material support has weakened, and DOP prices have fallen. With isooctanol stopping its decline, DOP has some upward support.

Future expectations

Business Society plasticizer product data analysts believe that in January, the raw material isooctanol fluctuated and fell, and the cost support for plasticizer DOP was insufficient, increasing the downward pressure on DOP. In the future, as the Spring Festival approaches and inventory increases, coupled with the rebound in raw material prices, it is expected that DOP prices will slightly increase in the future.