The price of Plasticizer DOTP fell first and then rose in September
According to commodity market analysis, as of September 27th, the price of DOTP was 11620 yuan/ton, a decrease of 3.74% compared to September 1st, which was 12071 yuan/ton; The price of DOTP increased by 2.29% compared to 11360 yuan/ton on September 20th. Since the peak of plasticizer prices in late August, they have rapidly declined. In September, plasticizer prices continued to decline, and after September 20th, DOTP prices rebounded and rose.
Supply: Low starting point of plasticizer
In September, the inventory of DOTP increased, and DOTP manufacturers sold at a profit margin. The profit level of DOTP decreased, and DOTP losses intensified. The accumulated inventory of plasticizers, combined with losses, affected the enthusiasm of plasticizer enterprises to start production. The peak season in September was not prosperous, and in early September, the start of production of plasticizer enterprises decreased to 40%. Low price DOTP stimulated a rebound in downstream demand. In the second half of the year, the enthusiasm of plasticizer enterprises to start production rebounded, and the operating rate of devices gradually increased. The operating rate of DOTP plasticizer enterprises rebounded to 50%.
The price of isooctanol fell first and then rose in September
According to commodity market analysis, the price of isooctanol on September 27th was 11700 yuan/ton, a decrease of 9.72% compared to the price of isooctanol on September 1st, which was 12960 yuan/ton; The price of isooctanol increased by 0.52% to 11640 yuan/ton compared to September 25th. Since the high price of isooctanol fell at the end of August, the price of isooctanol continued to decline in September. The domestic isooctanol plant has resumed operation, with sufficient supply of isooctanol, a decrease in the price of raw material propylene, and a decrease in the cost of isooctanol; Double stocking, with a rebound in downstream purchasing enthusiasm, the decline in isooctanol prices slowed down and slightly rebounded in the latter half of the year.
PTA prices rose first and then fell in September
According to commodity market analysis, the PTA price on September 27th was 6230.45 yuan/ton, up or down by 0.49% compared to the PTA price of 6200 yuan/ton on September 1st; Compared to 6439 yuan/ton on September 15th, it decreased by 3.24%. In September, multiple PTA devices were restarted after a short shutdown, and the operating rate of PTA equipment rebounded. PTA supply resumed, and crude oil prices rose and then fell in September. PTA raw material cost support weakened, and PTA prices rose and then fell. Downstream demand is expected to recover in October, and PTA prices are expected to rise. Raw material costs are expected to rise, and DOTP cost support still exists.
Poor downstream demand
According to the analysis of PVC product market, as of September 27th, the PVC quotation was 6062 yuan/ton, a decrease of 2.29% compared to the PVC price of 6204 yuan/ton on September 1st; The price of PVC decreased by 4.92% compared to 6376 yuan/ton on September 9th. The peak season is not prosperous, with PVC prices rising first and then falling in September. The demand for plasticizer DOTP is less than expected, and the downward pressure on DOTP is increasing.
Future expectations
Plasticizer product data analysts believe that in terms of supply and demand, plasticizer enterprises have started at a low level within the year, resulting in a tight supply of DOTP. In the latter half of the year, plasticizer enterprises have rebounded to 50%, and plasticizer DOTP production is still at a low level, resulting in a rebound in DOTP supply; The peak season is not prosperous, PVC prices fluctuate and fall, downstream PVC procurement enthusiasm is poor, and demand for plasticizer DOTP is weak. In terms of raw materials, the price of isooctanol first fell and then rose, the PTA device resumed operation after a brief maintenance, the PTA price first rose and then fell, and the cost of plasticizer product DOTP decreased. In the future, the supply and demand of plasticizer DOTP are expected to increase, but demand growth may be difficult to sustain, raw material prices are expected to rise, and DOTP cost support still exists. It is expected that the price of plasticizer DOTP will consolidate strongly in the future.
we supply plasticizer Dioctyl Terephthalate (DOTP) , plasticizer Dioctyl Phthalate (DOP) , plasticizer Dibutyl phthalate (DBP) , plasticizer Dioctyl Adipate (DOA)
