DOTP Market Price Tends Upward (20260907)

1. Today's Summary

• Domestic DOTP market prices rose by 50-100 RMB/ton today.
• Domestic DOTP capacity utilization was 60% today, with overall operating rates at a medium level.

2. Spot Market Overview

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

Based on the Zhejiang market, today's DOTP offer price in Zhejiang closed at 9,950 RMB/ton, up 50 RMB/ton from the previous working day, in line with morning expectations.

Domestic DOTP market prices rose today, by 50-100 RMB/ton. Crude oil prices were strong in early trading, boosting market sentiment and prompting some plasticizer plants to raise offers. Under buy-on-rise sentiment, buyers moderately replenished at low prices, and low-priced transactions in the market improved slightly. However, high-priced transactions remained relatively sluggish, with participants cautiously monitoring feedstock developments.

3. Production Updates

Today, domestic DOTP capacity utilization was 60%, with overall operating rates at a medium level. In terms of profitability, feedstock octanol prices in East China were stable, while the other feedstock, PTA, saw price declines. With DOTP prices rising in the Zhejiang market, the theoretical profit margin for sample enterprises in Zhejiang expanded, reaching 348 RMB/ton today.

4. Price Forecast

On the cost side, inventories at core feedstock octanol plants remained low and offers were stable. The other feedstock, PTA, is moving into inventory accumulation on its supply-demand balance, and spot prices may face weak downward pressure. Cost-side support for the DOTP market is limited, while buyers are cautious about following up at high prices, capping upside for DOTP prices. The market is expected to consolidate sideways tomorrow as it digests previous gains.

5. Feedstock Market

Today, the domestic octanol market held steady. Octanol supply is expected to recover this week. Downstream users are mainly consuming contract inventories for now, and new-order trading was lukewarm, with mostly small-lot transactions. Major plants kept low inventory levels and maintained stable offers.

6. Data Calendar

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

Data source: Chempricehub Information
Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with a change exceeding 3%.
2. ↗↘ indicates narrow fluctuation, highlighting data with a change within 0-3%.