DOP market prices decline

1. Today's Summary

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

② Domestic DOP capacity utilization stood at 56% today.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Taking the Jiangsu region as the benchmark, the mainstream DOP price today was 10,750 RMB/ton (delivered), consistent with morning expectations. Today, prices for raw materials octanol and phthalic anhydride declined, causing DOP market prices to continue their downward trend. Market transactions were primarily based on negotiations. Overall market sentiment remained weak, with trading limited to small-volume orders driven by rigid demand. End-users continued to exhibit a wait-and-see attitude regarding purchases.

3. Production Dynamics

DOP capacity utilization remained at 56%. Regarding profitability, prices for ortho-phthalic anhydride and East China octanol declined alongside DOP prices, resulting in a profit margin of 97 RMB/ton.

4. Price Forecast

Current DOP prices are persistently falling, reflecting insufficient confidence among market traders, which has led to low-price selling. Downstream end-user procurement is mainly characterized by small-batch orders driven by rigid demand, with strong wait-and-see sentiment. The DOP market is expected to remain under pressure and continue weakening.

5. Related Products Update

Octanol Market: Mainstream transaction prices for Shandong octanol ranged from 9,300 to 9,400 RMB/ton today. Ex-works prices saw a larger decline, but buyers stepped in to restock at lower levels, leading to some improvement in trading activity. Raw material propylene prices dropped significantly, with buyer replenishment primarily driven by rigid demand.

6. Data Calendar

Table 2: List of Domestic DOP Data (Units: 10,000 tons, RMB/ton)