Domestic DOP market prices rose on January 4th.

On January 3, the commodity price ratio index between isooctanol and DOP from Business Society was 111.15, unchanged from the previous day. It decreased by 24.75% compared to the cycle high of 147.70 points (February 7, 2022) and increased by 21.16% compared to the cycle low of 91.74 points (November 3, 2015). (Note: The cycle refers to the period from January 1, 2012, to the present.) Isooctanol prices rose strongly, DOP prices increased, and the downward pressure on DOP weakened while upward momentum strengthened.

On January 3, the commodity price ratio index between phthalic anhydride and DOP from Business Society was 88.52, unchanged from the previous day. It decreased by 21.75% compared to the cycle high of 113.13 points (October 16, 2022) and increased by 95.97% compared to the cycle low of 45.17 points (July 27, 2021). (Note: The cycle refers to the period from January 1, 2012, to the present.) Phthalic anhydride prices rebounded and rose, DOP prices increased strongly, and the upward momentum for DOP strengthened while downward pressure weakened.

On January 4, the DOP market in Jiangsu Province showed strong consolidation, with quotations at 7,300 yuan/ton. In Shandong Province, the DOP market also exhibited strong consolidation, with quotations at 7,200 yuan/ton. In Zhejiang Province, the DOP market remained strong and consolidated, with quotations at 7,400 yuan/ton.

On January 4, the price of phthalic anhydride, a raw material for DOP, fluctuated and rose, while isooctanol prices also fluctuated and increased. The cost of DOP raw materials rose strongly, and DOP production capacity utilization improved. Downstream market conditions were average, with demand primarily driven by rigid needs. Downstream customers showed moderate purchasing willingness, and transaction prices were subject to negotiation. DOP quotations ranged from 7,200 to 7,400 yuan/ton, showing strong consolidation. Actual transaction prices increased, with bullish factors strengthening and bearish factors weakening. The DOP market exhibited strong consolidation.