DOTP Market Price Rises (20260909)

1. Today's Summary

① Domestic DOTP prices continued to rise today, with gains of 100–200 RMB/mt.

② Domestic DOTP capacity utilization stood at 64% today, with the overall operating rate at a medium level.

2. Spot Market Overview

Table 1 Domestic DOTP Price Summary (Unit: RMB/mt)

Taking the Zhejiang market as the benchmark, DOTP offers in Zhejiang closed at 10,200 RMB/mt today, up 200 RMB/mt from the previous trading day, in line with morning expectations.

Domestic DOTP prices continued to rise by 100–200 RMB/mt today. Heightened tensions in the Middle East kept international crude oil prices firm, pushing feedstock octanol and PTA prices upward to varying degrees. Cost-side support for DOTP was strong, and market sentiment toward the outlook turned bullish. Buyers replenished moderately at low prices, and most low-priced deals concluded smoothly. Producers controlled supply and held back from selling, lending firm upward momentum to DOTP prices.

3. Production Update

Domestic DOTP capacity utilization stood at 64% today, with the overall operating rate at a medium level. In terms of profitability, East China octanol prices rose, PTA prices also gained, and DOTP prices in the Zhejiang market increased, further widening the theoretical margins of sample enterprises in Zhejiang. Theoretical profit today was 410 RMB/mt.

4. Price Forecast

On the cost side, producer prices of the core feedstock octanol are expected to continue rising, while PTA maintains solid cost support with spot prices expected to stay strong. Positive cost factors will dominate the DOTP market, and the smooth low-priced transactions completed today also provide support. DOTP prices are expected to sustain a firm uptrend tomorrow.

5. Raw Materials Market

The domestic octanol market moved higher today, mainly driven by the cost side, and octanol profit margins narrowed notably. Major producers mainly supply contract customers, leaving limited spot availability. Demand-based buying remained moderate, with transaction prices gradually moving up. Short-term sentiment is positive, and offers in the secondary market are running relatively high.

6. Data Calendar

Table 2 Domestic DOTP Data Overview (Unit: 10,000 mt, RMB/mt)

Source: Chempricehub

Notes:

1. ↓↑ denotes a significant fluctuation, highlighting data with a change exceeding 3%.
2. ↗↘ denotes a slight fluctuation, highlighting data with a change within 0–3%.