DBP market prices exhibit a volatile and weak trend

1. Today's Summary

① Today, domestic DBP prices in Henan, North China, and South China decreased by 100 yuan/ton, while prices in Shandong fell by 200 yuan/ton.
② The current operating rate for domestic DBP is 40%.

2. Spot Market Overview

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

Based on the Henan region, today's DBP closed at 10,150–10,200 yuan/ton, consistent with morning expectations. Today, the domestic DBP market fluctuated with a weak trend, and high-end quotes gradually disappeared. It is reported that raw materials phthalic anhydride and n-butanol are trading weakly, reducing cost-side support for DBP prices. Downstream users are primarily making opportunistic purchases based on rigid demand, adopting cautious trading strategies. Market inquiries and transactions remain sluggish.

3. Production Dynamics

Today, the capacity utilization rate of domestic DBP stands at 40%. With falling prices for raw materials phthalic anhydride and n-butanol, the current profit margin for DBP products is approximately 1,082 yuan/ton.

4. Price Forecast

Currently, both key raw materials are trading weakly, resulting in insufficient cost-side support. Manufacturers face poor shipment rates and rising inventories. Downstream buyers are mainly purchasing based on rigid demand when prices drop, leading to reduced market inquiries and transactions. Therefore, the DBP market is expected to continue fluctuating with a weak trend in the near term.

5. Related Products

DOP Market: Today, the DOP market still saw slight price concessions. Major traders actively pushed shipments. As the weekend approaches, there were some transactions involving short-covering buy-backs. End-users maintained rigid demand purchasing. Overall, the market transaction sentiment showed slight improvement.

Table 2: Domestic DBP Data Overview (Units: 10,000 Tons, Yuan/Ton)