SunSirs: Raw Material Costs Decreased, DOP Prices Fell Again in September

https://www.chemnet.com   Sep 11,2024 SunSirs

The price of plasticizer DOP dropped again in September ??

According to the Commodity Market Analysis System of SunSirs, as of September 9th, the price of plasticizer DOP was 8,463.75 RMB/ton, a decrease of 3.01% from the DOP price of 8,726.25 RMB/ton on September 1st at the beginning of the month; Compared to the price of 12,091.67 RMB/ton on January 1st at the beginning of the year, it decreased by 30%. The cost of raw materials had decreased, and the price of plasticizer DOP continued its previous decline in September, hitting a new low for the year.

Supply and demand relationship of DOP in September

In September, the plasticizer market entered the traditional peak season, with downstream customers stocking up more and DOP manufacturers actively shipping. Manufacturers' supply was tight, but the quality of gold September was insufficient, and the growth of plasticizer demand was limited. The support for DOP rise was insufficient, and DOP prices fluctuated and fell.

The cost of raw materials continues to decline

According to the Commodity Market Analysis System of SunSirs, as of September 9th, the price of 2-EH was 7,800 RMB/ton, a decrease of 2.30% from the price of 7,983.33 RMB/ton on September 1st at the beginning of the month; Compared to the price of 12950 RMB/ton at the beginning of the year, the price of 2-EH decreased by 39.77%. During the traditional peak season of Gold September, the production of 2-EH manufacturers increased, the supply of 2-EH improved, downstream enterprises actively purchased 2-EH, and 2-EH manufacturers shipped smoothly. The price of 2-EH supported the upstream raw material prices, and the cost of 2-EH raw materials decreased, resulting in a further decline in 2-EH prices.

According to the Commodity Market Analysis System of SunSirs, as of September 9th, the price of PA produced by OX was 7,450 RMB/ton, a decrease of 1.81% from the price of 7,587.50 RMB/ton on September 1st at the beginning of the month; On September 9th, the price of OX was 7,400 RMB/ton, a decrease of 6.33% from the price of OX on September 1st, which was 7,900 RMB/ton. In September, the market for OX method PA experienced a significant decline, with cost support decreasing and the market for OX method PA falling. The purity of Gold September was insufficient, and the demand for plasticizers had not rebounded as expected. The support for the rise of PA was limited, and the price of PA had fallen.

Demand recovery fell short of expectations

According to the Commodity Market Analysis System of SunSirs, the rubber and plastic index was 690 points on September 8th, unchanged from the previous day, a decrease of 34.91% from the highest point of 1,060 points during the cycle (2012-03-14), and an increase of 30.68% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present). At the end of August, the rubber and plastic industry market rebounded, and the rubber and plastic index stopped falling. There was a trend of recovery in the rubber and plastic industry, but the quality of the gold September was insufficient. In September, the rubber and plastic index fell, and the rubber and plastic industry market declined. The demand for plasticizers did not recover as expected.

Market outlook

According to the data analyst of SunSirs' plasticizer products, in terms of cost, due to the impact of the decline in crude oil prices, the prices of 2-EH and PA fell in September, and the cost of plasticizer DOP decreased; In terms of demand, the rubber and plastic industry index declined in September, and the demand for plasticizers did not recover as expected. It is expected that the price of plasticizer DOP will fluctuate and fall in the future.

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