DOP market prices decline

1. Today's Summary

① DOP market prices declined, with a drop of 50–100 RMB/ton.

② Today’s domestic DOP capacity utilization rate stood at 55%.

2. Spot Market Overview

Table 1: Domestic DOP Price Summary (Unit: RMB/ton)

Data Source: Chempricehub Information

Using the Jiangsu region as the benchmark, today’s mainstream DOP price was 11,100 RMB/ton delivered, slightly below morning expectations. Following the decline in raw material octanol prices, DOP market prices trended downward. As the weekend approached, traders actively pushed sales. In the afternoon, upstream propylene prices rose significantly, which moderately boosted buying sentiment among DOP market participants. With traders replenishing short positions, transactions for some low-priced cargoes improved.

3. Production Dynamics

DOP capacity utilization remained at 55%. Regarding profitability, prices for phthalic anhydride (via the naphthalene process) and East China octanol both fell, alongside declining DOP prices, resulting in a profit margin of -38 RMB/ton.

4. Price Forecast

As the weekend approaches, rising propylene prices have stimulated some short-covering trades in the DOP market, leading to a moderate improvement in low-price transactions. However, end-user demand remains strictly driven by essential needs. Considering cost factors, DOP prices are expected to trade within a narrow range.

5. Related Products Status

Octanol Market: Today, the center of gravity in the domestic octanol market shifted lower. Some intermediaries offered goods at slightly lower prices, while new factory orders saw average transaction volumes. Raw material propylene prices surged significantly, pushing octanol production costs higher again. Producers maintained high asking prices, but transactions were difficult to secure. Supply is gradually increasing, and market participants are prioritizing inventory reduction through sales.

6. Data Calendar

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

Data Source: Chempricehub Information
Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range volatility, highlighting data dimensions with changes between 0% and 3%.