DBP market prices are trending downward with volatility

1. Daily Summary

① Today, domestic DBP prices in Henan and South China decreased by 100 yuan/ton, while prices in North China decreased by 50 yuan/ton.

② Today's domestic DBP operating rate stood at 46%.

2. Spot Market Overview

Table 1: Domestic DBP Industry Chain Price Summary (Unit: Yuan/ton)

Based on the Henan region as a benchmark, today's DBP closed at 10,100–10,150 yuan/ton, aligning with morning expectations. The domestic DBP market trended downward amid volatility, with strong wait-and-see sentiment prevailing. High-end quotes disappeared from the market. It is reported that spot prices for both raw materials continued to decline, weakening cost-side support. Meanwhile, downstream purchasing intent diminished, leading to cautious trading behavior. Market inquiries and transactions were sluggish, with transaction focus centering on lower price levels.

3. Production Dynamics

Today's domestic DBP capacity utilization rate was 46%. The current profitability level for DBP products stands at approximately 267 yuan/ton.

4. Price Forecast

Currently, raw material markets continue to decline, resulting in weak cost-side support for product prices. Downstream wait-and-see sentiment has intensified, with traders remaining cautious and low purchasing intent. The market transaction focus remains at lower price levels. Consequently, the DBP market is expected to remain volatile and slightly weak in the near term.

5. Related Products Status

DOP Market: Today, prices for the raw material 2-EH (2-Ethylhexanol) declined, causing DOP market prices to fall further. Suppliers actively sought to offload inventory, while downstream users maintained small-lot purchases based on rigid demand. Overall wait-and-see sentiment remained high, and general transaction activity was moderate.

Table 2: Domestic DBP Data Overview (Units: 10,000 tons, Yuan/ton)