Raw Materials: Prices of octanol and phthalic anhydride rose.
Production: The average weekly capacity utilization rate for DOP plants was 61%.
| Product | Region/Category | Current Period Average | Previous Period Average | Change Value | Change Rate | Remarks |
|---|---|---|---|---|---|---|
| DOP | North China | 10760 | 10615 | 145 | 1.37% | Ex-works |
| Jiangsu | 10970 | 10820 | 150 | 1.39% | Delivered | |
| Guangdong | 11100 | 10840 | 260 | 2.40% | Delivered |
Data Source: Chempricehub Information
The weekly average price fluctuation range for DOP in the Jiangsu market was 10,850–11,150 yuan/ton (delivered). This week, prices for both octanol and phthalic anhydride increased, leading to a continuous rise in DOP production costs. Major traders started the week with higher opening prices. End-users and traders made appropriate replenishment purchases based on rigid demand, and the increase in trading volume continued to support the upward trend in DOP prices. When high-level buying momentum faced transmission issues, propylene prices surged significantly, once again boosting traders' restocking sentiment. Overall, DOP transaction performance during the week was robust.
① Most DOP plants maintained normal production throughout the week, resulting in increased output.
② Driven by crude oil and propylene, market transactions were active during the week, with end-users and traders gradually replenishing inventories.
③ Prices for octanol and phthalic anhydride rose, pushing up DOP prices. However, the price increase did not fully cover the cost surge, leading to a decline in average weekly profits.
The raw material octanol market is expected to see further price increases driven by rising costs. The phthalic anhydride market shows diverging trends: naphthalene-based phthalic anhydride units are restarting sequentially, suggesting a potential pullback in forward supply prices, while ortho-xylene-based phthalic anhydride prices are expected to remain stable. In terms of raw material movements, octanol has a greater impact, indicating a continuing upward trend in DOP cost prices. Transaction volumes were strong this week as end-users gradually entered the market to buy. Cost pressures suggest that DOP prices may continue to rise next week; however, current end-users face significant cost burdens, and domestic order intake growth remains limited. Consequently, the impact of high prices on buyer sentiment may become more pronounced next week.
For more detailed weekly market analysis, please refer to the Chempricehub DOP Weekly Report.
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