DBP market prices are experiencing volatile consolidation.

1. Today's Summary

① Domestic DBP prices remained stable across all regions today.

② The domestic DBP operating rate was 39% today.

2. Spot Market Overview

Table 1: Summary of Domestic DBP Industry Chain Prices (Unit: RMB/ton)

Based on the Henan region, DBP closed at 10,300–10,350 RMB/ton today, consistent with morning expectations. Domestic DBP market prices traded sideways today, characterized by a strong wait-and-see attitude and a downward bias in trading levels. The continuous decline in raw material n-butanol prices weakened cost support; however, limited supply of goods provided some price support. Downstream buyers maintained rigid demand, purchasing opportunistically at lower prices. Overall market operations remained cautious, with trading levels leaning toward the lower end.

3. Production Dynamics

The capacity utilization rate for domestic DBP was 40% today. The current profit margin for DBP products is approximately 773 RMB/ton.

4. Price Forecast

Currently, raw material markets have declined consecutively, reducing cost support. However, supply remains limited, while downstream operators are cautious with weak demand and low willingness to accept deliveries at higher prices. Trading levels are shifting from high to low. Therefore, the DBP market is expected to trend downwards with fluctuations in the near future.

5. Related Products

DOP Market: DOP prices remained stable today, although there were reports of some transactions at lower prices. While traders actively sought to sell, overall buying sentiment was weak. End-users adopted a wait-and-see approach, with inquiries primarily focused on small-volume rigid demand throughout the day.

Table 2: Domestic DBP Data Overview (Unit: 10,000 tons, RMB/ton)

Note:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0–3%.