SunSirs: Cost Supported, DOP Prices Fluctuated and Rose in November

https://www.chemnet.com   Nov 12,2024 SunSirs

The price of plasticizer DOP fluctuated and rose in November

According to the Commodity Market Analysis System of SunSirs, as of November 8th, the DOP price was 9,238.75 RMB/ton, a fluctuating increase of 1.51% compared to the DOP price of 9,101.25 RMB/ton on November 1st. The demand for plasticizer DOP had increased, and the price of plasticizer DOP had fluctuated and risen. Plasticizer companies were operating steadily at a high level, but the off-season for downstream PVC demand was approaching. The demand for plasticizers was falling, and the price of plasticizer DOP was falling at a high level.

Downstream demand declined

Entering the second half of the year, downstream PVC product companies were gradually experiencing a decline in production. As entered November, the market was in its off-season, and downstream PVC production was expected to decrease. As the weather in the north gradually turned colder, demand was weakening; The downstream market had fallen, and the downward pressure on plasticizers had increased.

Raw material costs fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of November 8th, the price of 2-EH was 9,266.67 RMB/ton, a fluctuating increase of 2.58% compared to the price of 9,033.33 RMB/ton on November 1st. In November, the demand for 2-EH rebounded, and the price of 2-EH fluctuated and rose. The supply and demand of 2-EH had increased, and the market support for 2-EH still existed. The price of 2-EH had fluctuated and risen. The cost of plasticizers had increased, and the price of plasticizer DOP had fluctuated and risen.

Market outlook

According to the plasticizer products data analyst of SunSirs, in terms of cost, the price of 2-EH had stabilized after rising, the price of PA had fluctuated and stabilized, and the cost of plasticizer DOP had increased; In terms of demand, the off-season was approaching, and downstream production and inventory were expected to decrease, leading to a decline in demand for plasticizers. Raw material prices stabilized and plasticizer costs stabilized; The off-season was approaching, and demand expectations had decreased. It is expected that the price of plasticizer DOP will be weakly consolidated in the future.

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