DOP market transactions have shown moderate improvement.

1. Today's Summary

① DOP market prices remained soft.

② Domestic DOP capacity utilization stood at 55% today.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Taking the Jiangsu region as the benchmark, the mainstream DOP price was 10,650 CNY/ton delivered today, consistent with morning expectations. Today, some markets still saw discounted selling. Octanol prices continued to rise, and rising crude oil prices boosted some buying sentiment. The atmosphere for low-price transactions improved, with end-users engaging in necessary purchases. Activity slowed down in the afternoon, and high-price deals lacked follow-through.

3. Production Dynamics

DOP capacity utilization remained at 55%. Regarding profits, phthalic anhydride prices via the ortho method were stable, octanol prices in East China rose, and DOP prices fell, resulting in a profit margin of -130 CNY/ton.

4. Price Forecast

Low-price transactions improved in some parts of the DOP market, with end-users making necessary purchases. Raw material octanol prices continue to trend upward, and the phthalic anhydride market remains supported at high levels. Cost-driven support for DOP persists. It is expected that low-price offerings will decrease tomorrow, and the DOP market will operate with slight price stability.

5. Related Products Status

Octanol Market: The transaction center of the domestic octanol market continued to rise today. Spot inventories at major plants decreased, relieving sales pressure on manufacturers. Supply expectations for mid-to-late month are lower, while demand is gradually recovering, easing supply-demand contradictions in the latter half of the month. Manufacturer spot offers remain firm, and transaction centers are gradually catching up.

6. Data Calendar

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

Notes:

• Data Source: Chempricehub Information
• ↗ indicates an upward trend; ↘ indicates a downward trend; → indicates stability.