Production: The average operating rate this week was 46%.
Costs: Prices of n-butanol and phthalic anhydride continued to rise, keeping costs at a high level.
Chart of mainstream domestic DBP market prices (CNY/ton)
Data source: Chempricehub Information
Weekly price change table for domestic DBP market
Unit: CNY/ton
| Market | This Week | Last Week | Change | Change Rate |
|---|---|---|---|---|
| Shandong Region | 10550 | 10150 | +400 | +3.94% |
| Henan Region | 10400 | 10300 | +100 | +0.97% |
| Hebei Region | 10450 | 10300 | +150 | +1.46% |
Data source: Chempricehub Information
During this period, the central tendency of domestic DBP market prices rose significantly. It is reported that international crude oil drove up propylene prices substantially, while industrial naphthalene pushed phthalic anhydride prices sharply higher. This created strong cost support for DBP prices. Additionally, it stimulated downstream buyers' enthusiasm for replenishing essential inventory needs, increasing market purchasing interest and active inquiry sentiment. Meanwhile, some units shut down, reducing spot supply in the market. These factors supported continuous price growth, with low-priced offers disappearing and high-end prices being repeatedly updated.
DBP weekly capacity utilization stood at 46%.
Raw material prices for phthalic anhydride and n-butanol remained at high levels, keeping DBP production costs elevated. As of the close on September 17, the weekly theoretical profit margin was -17 to -118 CNY/ton, an improvement of 101 CNY/ton from last week, representing an 86% increase. The daily average theoretical profit was 16 CNY/ton, up by 3 CNY/ton compared to September 10.
Downstream end-users showed increased willingness to purchase based on rigid demand.
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