DOTP market prices are rising.

1. Daily Summary

① Domestic DOTP market prices generally rose today, with increases ranging from 50 to 100 yuan/ton.

② Today's domestic DOTP capacity utilization rate stood at 59%. The Ningbo Nanya unit has restarted, and overall operating rates are currently at a moderate level.

2. Spot Market Overview

Table 1: Summary of Domestic DOTP Prices (Unit: Yuan/Ton)

Taking the Zhejiang region as the benchmark, the closing offer price for DOTP in the Zhejiang market was 10,600 yuan/ton today, remaining stable compared to the previous trading day, which aligned with morning expectations.

Today, domestic DOTP market prices trended upward amid stability, with gains of 50–100 yuan/ton. The price of key raw material octanol remained firm and rising, providing cost-side support that boosted market sentiment. In the morning, buyers engaged in opportunistic restocking at lower levels, leading to increased transaction volumes for low-priced cargoes. By midday, sellers raised their quotes, but trading activity cooled after the price hikes. Market participants remain cautious, closely monitoring raw material trends.

3. Production Dynamics

Today's domestic DOTP capacity utilization rate was 59%, following the restart of the Ningbo Nanya unit, placing overall operations at a moderate level. Regarding profitability, the price of raw material octanol in East China rose, while the price of another key input, PTA, fell. With DOTP prices in the Zhejiang market remaining stable, the theoretical profit margin for sample enterprises in Zhejiang narrowed slightly. Today's theoretical profit stood at 250 yuan/ton.

4. Price Forecast

On the cost side, the core raw material octanol is expected to maintain firm pricing. However, demand for the other major input, PTA, remains weak, resulting in insufficient cost support and expectations of sideways-to-weak price movements. Consequently, cost factors present a mixed outlook for the DOTP market. On the demand side, strong transaction volumes at lower price points today have strengthened sellers' intent to hold prices steady. It is projected that the DOTP market will operate on a stable-to-slightly-strong basis tomorrow, with lower-tier prices converging toward higher-tier levels.

5. Raw Material Market

The domestic octanol market remained firm today due to reduced supply, with earlier low-end offers catching up to the rise. Downstream plasticizer users maintained stable rigid demand, and trading sentiment in the plasticizer market was decent, with buyers conducting moderate restocking. Spot inventories of octanol remain at low levels, continuing to support high market centers in the short term.

6. Data Calendar

Table 2: Domestic DOTP Data Overview (Units: 10,000 tons, Yuan/Ton)