On January 15, Shandong Shengfeng Chemical Co., Ltd. quoted the price of dibutyl phthalate (DBP) at 6,955 yuan/ton, an increase of 100 yuan/ton, with actual orders subject to detailed negotiation. PriceSeek's analysis of DBP indicates a bullish-bearish score of 1. The spot price of DBP has risen by 100 yuan/ton to 6,955 yuan/ton, reflecting a tight market supply-demand balance or strengthened cost support, which generally supports the spot price. The company's proactive price increase may be attributed to rising raw material phthalic anhydride prices or recovering downstream demand. It is expected that the spot market will continue its upward trend in the short term, but attention should be paid to actual transaction volumes to confirm sustainability.
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