DOTP market prices are rising.

1. Daily Summary

① Domestic DOTP prices rose today, with increases ranging from 50 to 100 RMB/ton.
② The domestic DOTP capacity utilization rate stood at 59%, indicating a moderate overall operating level.

2. Spot Market Overview

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

Based on the Zhejiang market as a benchmark, the closing offer price for DOTP in Zhejiang was 10,700 RMB/ton today, representing an increase compared to the previous trading day, which aligned with morning expectations.

Domestic low-price DOTP transactions increased today, with gains of 50–100 RMB/ton. Raw material prices for isobutanol and PTA rose to varying degrees, providing strong cost-side support. Additionally, yesterday’s high volume of transactions at lower prices encouraged sellers to maintain firm pricing. However, buyers remained cautious about following higher prices, leading to a quieter new-order transaction atmosphere today. Industry participants are closely monitoring raw material trends.

3. Production Dynamics

The domestic DOTP capacity utilization rate was 59% today. Ningbo Nanya restarted its unit, keeping the overall operating rate at a moderate level. Regarding profitability, isobutanol prices in East China and PTA prices both increased. Meanwhile, the rise in Zhejiang DOTP prices exceeded the increase in costs, resulting in a slight expansion of theoretical profit margins for sample enterprises in the Zhejiang region. The theoretical profit margin today was 301 RMB/ton.

4. Price Forecast

On the cost side, core raw material isobutanol prices are expected to remain firm. Another key raw material, PTA, is rebounding higher due to cost support. Strong cost-side fundamentals support the DOTP market; however, demand remains cautious, with buyers reluctant to chase higher prices. The tug-of-war between cost pressures and weak demand limits the upward momentum of DOTP prices. The DOTP market is expected to trade firmly tomorrow.

5. Raw Material Markets

The domestic isobutanol market traded firmly today. Cost pressure on products eased, and mainstream plants maintained stable offers. Inquiry activity driven by genuine demand improved compared to yesterday, and downstream plasticizer users showed acceptable appetite for spot isobutanol procurement. Supply has tightened recently, leaving little room for price negotiation in the market.

6. Data Calendar

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