1. Today's Summary
2. Spot Market Overview
Table 1 Summary of Domestic DOP Prices (Unit: CNY/ton)
| Market | Price Terms | Previous | Current | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-warehouse | 9,975 | 10,075 | 100 | 1.00% |
| Shandong | Ex-warehouse | 9,925 | 10,075 | 150 | 1.51% |
| Jiangsu | Delivered | 10,150 | 10,325 | 175 | 1.72% |
| Zhejiang | Ex-warehouse | 10,050 | 10,200 | 150 | 1.49% |
| South China | Delivered | 10,150 | 10,250 | 100 | 0.99% |
| Key upstream – Octanol | |||||
| Shandong | Ex-warehouse | 8,875 | 9,000 | 125 | 1.41% |
Data source: Chempricehub Information
Taking the Jiangsu market as the benchmark, the mainstream DOP price was CNY 10,325/ton delivered today, in line with morning expectations. DOP market prices continued their upward momentum today. Some traders are still controlling sales volumes, while higher crude oil and feedstock prices kept supporting buying sentiment. Transactions went smoothly in certain regions during the day, with end-users making appropriate genuine-demand purchases.
3. Production Dynamics
DOP capacity utilization remained at around 55%. On the profitability side, with phthalic anhydride prices up and East China octanol prices up, DOP prices also rose, leaving a profit margin of CNY 46/ton.
4. Price Forecast
Octanol and phthalic anhydride prices are both trending upward currently, which is raising DOP production costs. The market is still seeing genuine-demand transactions. Considering cost factors, DOP market prices are expected to continue rising tomorrow.
5. Related Product Markets
Octanol market: China's octanol market moved higher today, driven mainly by the cost side, and octanol profit margins narrowed significantly. Mainstream producers are supplying contract customers, leaving limited spot availability. Genuine-demand buying sentiment in the market was moderate, and the transaction center has been moving upward steadily. In the short term, market players hold a positive outlook, and offers in the secondary market are on the high side.
6. Data Calendar
Table 2 Domestic DOP Data Overview (Unit: 10,000 tons, CNY/ton)
| Data Item | Release Date | Previous Data | Trend Outlook |
|---|---|---|---|
| DOP weekly output | Thursday 16:00 | 2.54 | ↗ |
| DOP weekly average capacity utilization | Thursday 16:00 | 55% | ↗ |
| DOP weekly average production profit | Thursday 16:00 | -62 | ↘ |
Data source: Chempricehub Information
Notes:
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