SunSirs: Demand Support Was Absent, and the Plasticizer Industry Chain Continued to Decline

https://www.chemnet.com   Jul 18,2024 SunSirs

The plasticizer DOP industry chain was declining

According to the Commodity Market Analysis System of SunSirs, the DOP industry chain market first rose and then fell in July. This week, the DOP industry chain market continued to decline, with three consecutive declines since July 15th. As of July 17th, the price of plasticizer DOP was 9,700 RMB/ton, a fluctuating decrease of 2.14% compared to the DOP price of 9,912.50 RMB/ton on July 12th; On July 17th, the price of 2-EH was 9,440 RMB/ton, which fluctuated and fell by 3.08% compared to the price of 9,740 RMB/ton on July 12th.

According to the Commodity Market Analysis System of SunSirs, the prices of major products in the DOP industry chain fluctuated and fell in July. As of July 17th, the price of upstream PA had slightly increased by 0.47%, the price of 2-EH had decreased by 2.78%, and the price of plasticizer DOP had decreased by 1.65%.

The price of raw material 2-EH continued to decline

According to the Commodity Market Analysis System of SunSirs, as of July 17th, the price of 2-EH was 9,440 RMB/ton, a fluctuating decrease of 3.08% compared to the price of 9,740 RMB/ton on July 12th; Compared to the price of 9,710 RMB/ton on July 1st at the beginning of the month, the price of 2-EH fluctuated and fell by 2.78%. In July, the 2-EH market first rose and then fell. This week, the price of 2-EH fluctuated and fell. Downstream factories purchased according to demand, and the plasticizer market declined. Enterprises had poor enthusiasm for raw material procurement, and Shandong large factories sold at a discount. The market transaction center shifted downwards, and there was significant downward pressure on 2-EH prices.

The price of raw material PA was stabilizing

According to the Commodity Market Analysis System of SunSirs, the price trend of PA in the domestic OX method PA market had been weak and stable this week. As of July 17th, the price of OX method PA was 8,087.50 RMB/ton, which remained stable compared to the price of 8,087.50 RMB/ton on July 8th; Compared to the price of 8,050 RMB/ton on July 1st, the price of PA fluctuated and rose by 0.47%. Domestic OX method PA was priced at 7,900-8,100 RMB/ton before leaving the factory, while domestic naphthalene based PA was priced at 7,450-7,550 RMB/ton before leaving the factory. The domestic production rate of PA was around 60%, and the spot supply of PA was stable. The sales situation of PA manufacturers was average, and the price of industrial naphthalene had fluctuated slightly. The naphthalene based PA market had fluctuated and fallen, while the OX market was temporarily stable, and OX based PA market was stabilizing. The PA market was weak and stabilizing, and there was still downward pressure on the PA market.

The market for plasticizer DOP declined

According to the Commodity Market Analysis System of SunSirs, as of July 17th, the price of plasticizer DOP was 9,700 RMB/ton, a fluctuating decrease of 2.14% compared to the DOP price of 9,912.50 RMB/ton on July 12th; Compared to the price of 10000 RMB/ton on July 8th, the price fluctuated and fell by 3.00%. The market for PA, a raw material for plasticizers, had fluctuated and stabilized, while the price of 2-EH had fluctuated and fallen. The cost of plasticizers had decreased, and the price of plasticizers had fluctuated and fallen. With the arrival of the hot and rainy season, PVC entered a seasonal off-season in the industry, with both domestic demand off-season and export reduction coexisting. Downstream manufacturers were in the off-season, with low production levels and weak follow-up on actual transactions. The demand for plasticizers was poor, and there was significant downward pressure on plasticizers.

Market outlook

According to the data analyst of SunSirs's plasticizer products, the price of raw material 2-EH had fluctuated and fallen, the price of PA had fluctuated and stabilized, and the cost of plasticizer DOP had decreased; The PVC market was in the off-season, with weak follow-up on actual sales, poor demand for plasticizers, and insufficient support for plasticizer demand. In the future, with the decrease in upstream raw material costs and the off-season of downstream demand, the downward pressure on plasticizers is increasing, and the price of the DOP industry chain is weakly consolidating.

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