SunSirs: The Domestic DBP Market Stabilized on October 18th

https://www.chemnet.com   Oct 21,2024 SunSirs

Price trend

On October 18th, the DBP market in Jiangsu remained stable, with a quoted price of 8,300 RMB/ton. The DBP market in Shandong region was stabilizing with a price of 8,200 RMB/ton, while in Zhejiang region, the DBP market was stabilizing with a price of 8,400 RMB/ton.

Analysis review

On October 18th, the price of n-butanol, a raw material for plasticizer DBP, fluctuated and consolidated, while the PA market weakened and stabilized. The price of 2-EH fluctuated and consolidated, and the cost of DBP raw materials stabilized. PVC prices were fluctuating and consolidating, downstream demand was stable, DBP enterprise equipment production was stabilizing, and DBP supply was stable. DBP factory had accumulated inventory, and downstream customers had average purchasing enthusiasm. The transaction price was based on negotiated prices, with DBP prices ranging from 8,200-8,400 RMB/ton, and DBP prices were fluctuating and stabilizing. The downward pressure of DBP market still existed, the upward momentum weakend, and the DBP market was consolidating.

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