SunSirs: Cost Reduction, Poor Demand, and DOP Prices Fluctuated and Declined This Week

https://www.chemnet.com   Jun 14,2023

　　The price of plasticizer DOP fluctuated and fell this week

　　According to the Commodity Market Analysis System of SunSirs, as of June 9th, the price of DOP was 9,258.33 RMB/ton, a decrease of 3.16% compared to the price of 9,560 RMB/ton on June 2nd. The prices of raw materials such as 2-EH and n-butanol decreased, the cost of plasticizer DOP decreased, and the price of plasticizer DOP fluctuated and fell.

　　The price of 2-EH fluctuated and fell this week

　　According to the Commodity Market Analysis System of SunSirs, the price of 2-EH on June 9th was 8,720 RMB/ton, a decrease of 3.96% compared to 9,080 RMB/ton on June 2nd. This week, the price of 2-EH fluctuated and fell, with weak market trading performance. The cost of plasticizer products decreased, and the price of plasticizer DOP fluctuated and fell.

　　The market of raw material PA fluctuated and fell

　　According to the market analysis system for PA products of SunSirs, as of June 9th, the quotation for OX method PA was 7,687.5 RMB/ton, a decrease of 1.44% compared to the price of 7,800 RMB/ton on June 2nd. The operation of PA enterprises was stable, with sufficient supply of PA. Downstream demand for on-demand procurement was poor. This week, the price of PA fluctuated and fell, raw material costs decreased and the pressure on plasticizer costs was significant.

　　Market outlook

　　Analysts from SunSirs' plasticizer product data believe that this week, the prices of 2-EH fluctuated and fell, while the prices of PA fluctuated and fell. The cost of plasticizer product DOP decreased, and there was significant pressure on the price of plasticizer product DOP to decline. In the future, the prices of 2-EH and PA have fluctuated and fallen, the cost of plasticizers has decreased, the operating rate of DOP enterprises is 70%, the supply of plasticizers is sufficient and the demand is insufficient, and both cost and demand sides lack positive support. The downward pressure on plasticizers has increased, and it is expected that the price of plasticizer DOP will fluctuate and fall.

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