DBP Market Prices Fluctuate with an Upward Bias (20260908)

1. Today's Summary

• ① Today, domestic DBP prices rose by 200 yuan/ton in Shandong, and were raised by 150 yuan/ton in Henan and North China.
• ② Today, the domestic DBP operating rate was 48%.

2. Spot Market Overview

Table 1 Domestic DBP Industrial Chain Price Summary (Unit: yuan/ton)

Using Henan as the benchmark, DBP closed at 9,550-9,600 yuan/ton today, in line with the morning expectation. Today, domestic DBP market prices moved higher amid fluctuations. The main driver was that feedstock phthalic anhydride prices rose significantly on the back of industrial naphthalene, strengthening cost support. Downstream buyers purchased on a rigid-demand basis, and market inquiries and transactions were moderate.

3. Production Updates

Today, domestic DBP capacity utilization stood at 48%. The current profit level of DBP was around -182 yuan/ton.

4. Price Forecast

At present, raw materials continue to run at high levels, and high costs underpin elevated prices. Market supply remains stable, and factory inventories are low. Downstream buyers are cautious with rigid-demand purchasing, while market inquiries and transaction activity are moderate. Market prices are expected to fluctuate with an upward bias tomorrow.

5. Related Products

DOP market: Today, DOP costs remained high, and mainstream merchants continued to raise opening prices. Supported by rising crude oil and strong cost support, intraday transaction sentiment was good. In the afternoon, some merchants still raised prices by 100 yuan/ton, providing a boost, while mainstream suppliers mostly controlled sales volumes.

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