SunSirs: Supported by Raw Materials, DOP Prices Significantly Increased after the Holiday

https://www.chemnet.com   Sep 24,2024 SunSirs

The price of plasticizer DOP had significantly increased after the holiday

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of plasticizer DOP was 8,963.75 RMB/ton, a significant increase of 5.44% compared to the DOP price of 8,501.25 RMB/ton on September 14th. The price of DOP had significantly increased after the holiday. The operating rate of plasticizer enterprises increased, coupled with stocking up before the National Day holiday, resulting in an increase in downstream demand for plasticizer DOP.

Downstream demand is expected to increase

The concentrated maintenance season for the PVC paste resin industry in 2024 has come to an end, and the maintenance losses in the PVC paste resin industry will gradually recover. The production of the PVC paste resin industry will gradually return to stability, and the total supply of the industry will gradually increase, leading to an increase in demand for plasticizers.

The cost of raw materials had significantly increased

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of 2-EH was 8,666.67 RMB/ton, a significant increase of 8.79% compared to the price of 7,966.67 RMB/ton on September 15th. After the holiday, the price of 2-EH increased significantly. The production of 2-EH units has gradually resumed, and downstream stocking was concentrated before the National Day holiday. The supply of 2-EH was tight, and the operating rate of downstream plasticizer DOP has increased. The demand for 2-EH has also increased, and the supply and demand in the 2-EH market were tight, resulting in a significant increase in the price of 2-EH.

According to the Commodity Market Analysis System of SunSirs, as of September 20th, the price of OX method PA was 7,337.50 RMB/ton, a decrease of 0.34% from the price of 7,362.50 RMB/ton on September 14th. This week, the price of OX was 7,400 RMB/ton, which was temporarily stable compared to before the holiday. The cost of PA was stabilizing, and the PA market was stabilizing. This week, the domestic price for OX method PA was 7,200-7,400 RMB/ton, while the domestic price for naphthalene based PA was 7,100-7,200 RMB/ton. Domestic PA plants operate at low loads, with frequent shutdowns of naphthalene PA equipment and low load operation of OX method PA equipment. PA manufacturers were experiencing tight supply and queuing for shipments, resulting in a tight supply of PA. The upward pressure on PA prices still existed.

Market outlook

According to the plasticizer products data analyst of SunSirs, in terms of cost, the price of 2-EH has risen significantly this week, the price of PA has stopped falling and stabilized, and the cost of plasticizer DOP has increased; In terms of supply, plasticizer DOP manufacturers have increased production, resulting in an increase in DOP supply; Pre holiday stocking and economic recovery have led to an expected increase in demand for plasticizers. The expected price of plasticizer DOP will fluctuate and rise in the future.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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