SunSirs: Weak Demand, Plasticizer DOP Fluctuated and Fell This Week

https://www.chemnet.com   Jul 22,2024 SunSirs

This week, the price of plasticizer DOP fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of July 19th, the price of plasticizer DOP was 9,725 RMB/ton, which fluctuated and fell by 1.89% compared to the DOP price of 9,912.50 RMB/ton on July 12th last weekend. 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 also decreased, and the price of DOP, a plasticizer, had fluctuated and fallen this week.

This week, the price of raw material 2-EH fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of July 19th, the price of 2-EH was 9,480 RMB/ton, which fluctuated and fell by 2.67% compared to the price of 9,740 RMB/ton on July 12th last weekend. Downstream factories purchased according to demand, the plasticizer market was declining, and enterprises hadve poor enthusiasm for raw material procurement. Shandong's large factories sold at a discount, and the market transaction center was shifting downwards, resulting in significant downward pressure on 2-EH.

This week, the price of raw material PA had slightly fallen

According to the Commodity Market Analysis System of SunSirs, the price trend of OX method PA t had slightly declined this week. As of July 19th, the price of OX method PA was 8,075 RMB/ton, a slight decrease of 0.15% compared to the price of 8,087.50 RMB/ton on July 12th last weekend. 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. This week, the price of industrial naphthalene fluctuated and fell, and the naphthalene based PA market fluctuated and fell. The OX market was temporarily stable, and the OX method PA market was stabilizing. This week, the PA market had been weak and stabilizing.

Market outlook

According to the plasticizer products data analyst of SunSirs, the price of raw material 2-EH fluctuated and fell this week, the price of PA slightly fell, and the cost of plasticizer DOP decreased; Downstream manufacturers had poor demand for plasticizers during the off-season. In the future, the prices of 2-EH and PA will fluctuate and fall, the cost of raw materials will decrease, and downstream demand will be sluggish. The price of plasticizer DOP will remain weak and consolidate in the future.

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