On December 30, the Business Sheets' index for isopropyl alcohol and DOP was 110.62, a decrease of 0.38 points from yesterday, and a decline of 25.10% from the highest point reached on February 7, 2022 (147.70). It rose by 20.58% from the lowest point on November 3, 2015 (91.74). The price of isopropyl alcohol has been strong, with DOP prices also rising, indicating reduced downward pressure on DOP prices but increased upward momentum. On December 30, the Business Sheets' index for p-xylene and DOP was 88.52, up 1.18 points from the previous day, and down 21.75% from the peak in July 2021 (113.13). It rose by 95.97% from the lowest point on July 27, 2021 (45.17). P-xylene prices rebounded, and DOP prices were strong, with increased upward momentum and reduced downward pressure. On December 31, the DOP market in Jiangsu region was strongly consolidating, with quotes at 7300 RMB/ton. In Shandong, the DOP market was also strongly consolidating, with quotes at 7150 RMB/ton; in Zhejiang, the DOP market was also strongly consolidating, with quotes at 7400 RMB/ton. On December 31, the price of DOP raw material p-xylene fluctuated upwards, and isopropyl alcohol prices also fluctuated upwards, indicating a strong increase in the cost of DOP materials. With increased operational capacities, DOP enterprises are seeing an uptick in demand from downstream markets, which are generally stable, with customers primarily purchasing on a negotiated basis. The DOP quotes ranged from 7150 to 7400 RMB/ton, indicating a strong consolidation in the market, with actual transaction prices rising. This indicates that the positive factors in the DOP market have increased, while the negative factors have decreased.
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