SunSirs: DOP Prices Stopped Falling and Stabilized This Week

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

The price of plasticizer DOP stopped falling and stabilized this week

According to the Commodity Market Analysis System of SunSirs, as of October 18th, the price of plasticizer DOP was 9,213.75 RMB/ton, a decrease of 0.81% from the DOP price of 9,288.75 RMB/ton on October 11th last weekend; Compared to the DOP price of 8988.75 RMB/ton on October 1st, the DOP price first rose and then fell, with a 2.50% increase. Plasticizers will be replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP has fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers, the price of plasticizer DOP stabilized after falling.

Downstream demand is expected to rebound

With favorable policies and rising macroeconomic sentiment, coupled with the peak demand season for downstream plastics such as agricultural film, the downstream market was recovering, and the demand for plasticizers in the market is expected to increase.

Raw material costs stabilized after falling

According to the Commodity Market Analysis System of SunSirs, as of October 18th, the price of 2-EH was 9,200 RMB/ton, a decrease of 1.43% from the price of 9,333.33 RMB/ton on October 11th last weekend; Compared to the price of 2-EH on October 1st, at 8,706.67 RMB/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of 2-EH has ended, and the price of 2-EH had fallen from a high level. The macroeconomic environment had rebounded, and demand support still existed. The equipment production of 2-EH manufacturers had increased, and the supply of 2-EH was sufficient. The price of 2-EH had stabilized after stopping the decline.

According to the Commodity Market Analysis System of SunSirs, as of October 18th, the price of PA in neighboring countries was 7,287.50 RMB/ton, a decrease of 1.35% from the price of 7,387.50 RMB/ton on October 11th; Compared to the price of PA at 7,200 RMB/ton October 1st, it first increased and then decreased, with a rise of 1.22%. After the National Day holiday, the replenishment of inventory ended and the price of PA fell. The production of PA equipment had increased, the supply of PA was sufficient, and the actual transactions in the PA market were limited. The downward pressure on the PA market still existed, and the price of PA had fluctuated and fallen.

Market outlook

According to the 2-EH product data analyst of SunSirs, as the price of 2-EH rose to a high level, downstream customers' resistance to high prices increased, market purchasing enthusiasm decreased, and coupled with the end of downstream customer inventory replenishment, 2-EH prices fell back from a high level; Positive policies continued to be implemented, economic expectations were expected to rebound, downstream customers were more proactive in receiving goods, and the price of 2-EH had stopped falling and stabilized. In the future, with favorable policies and a relatively warm sentiment in the 2-EH market, there is still support form 2-EH demand. 2-EH manufacturers are starting to recover, and there is sufficient supply of 2-EH. The 2-EH market supply and demand are relatively balanced, and 2-EH prices are fluctuating and consolidating.

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

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