DBP market prices remain flat in consolidation.

1. Daily Summary

① Domestic DBP prices remained stable across all regions today.
② Today's domestic DBP operating rate stood at 38%.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Taking the Henan region as a benchmark, today's DBP closed at 10,300–10,350 RMB/ton, consistent with morning expectations. Today, domestic DBP market prices traded sideways in consolidation, characterized by strong wait-and-see sentiment and a focus on lower price levels. Raw material phthalic anhydride prices continued to rise, while n-butanol prices rebounded slightly, leading to increased costs and stronger support for DBP prices. Market supply was limited, and downstream buyers maintained rigid demand purchasing at low levels. Overall market operations were cautious, with the price center remaining at the lower end.

3. Production Dynamics

Today, the domestic DBP capacity utilization rate was 38%. The current profitability level for DBP products is approximately 556 RMB/ton.

4. Price Forecast

Currently, raw material markets have risen consecutively, strengthening cost-side support. Meanwhile, market supply remains limited, and downstream buyers are engaging in opportunistic purchasing based on rigid demand. Inquiries and transactions have been average, with the price center leaning towards lower levels. It is expected that the DBP market will continue to trade sideways in consolidation in the near future.

5. Related Product Status

DOP Market: DOP merchants mostly adopted a strategy of maintaining stable prices for shipments. Crude oil prices fluctuated upward during the day, enhancing cost-side support and driving inquiries in some regions, leading to a slight recovery in transactions. End-use factories and traders primarily focused on replenishing inventory based on rigid demand, moderately buying at low prices. Overall trading activity improved slightly compared to previous periods.

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

Data Source: Chempricehub Information

Notes:

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