DOTP Market Prices Decline (Sep 18, 2026)

1. Daily Summary

① Domestic DOTP market prices fell today, with a decline of approximately 100 CNY/ton.
② Today's domestic DOTP capacity utilization rate stood at 59%, indicating overall operating rates are at a moderate level.

2. Spot Market Overview

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

Based on the Zhejiang region, today's DOTP offer price in Zhejiang closed at 10,550 CNY/ton, down 100 CNY/ton from the previous working day, consistent with morning expectations.

Domestic DOTP market prices declined today, with mainstream drops around 100 CNY/ton. Falling crude oil prices impacted market sentiment. Prices for DOTP's key raw materials, octanol and PTA, also decreased, shifting cost-side sentiment bearish. Buyers became more cautious, increasing pressure on new order transactions. DOTP merchants showed active willingness to accept orders; particularly, those holding profitable inventory aggressively offered discounts to clear stock. Frequent low-price offers weighed on the market center, pushing it downward.

3. Production Dynamics

Today's domestic DOTP capacity utilization rate was 59%, reflecting moderate overall operating levels. Regarding profits, East China octanol prices fell, as did PTA prices. Although Zhejiang DOTP prices dropped, the decline was smaller than that of costs, leading to an expanded theoretical profit margin for sample enterprises in the Zhejiang region. Theoretical profit stood at 374 CNY/ton today.

4. Price Forecast

On the cost side, core raw material octanol saw sluggish trading, putting pressure on its price. Strong expectations of weakening supply-demand dynamics for PTA suggest short-term spot prices may remain under pressure. Cost-side sentiment for DOTP has turned bearish. Meanwhile, demand shows no signs of improvement, with buyers becoming increasingly cautious. Consequently, DOTP prices are expected to trade under pressure, with the market likely remaining weak over the weekend.

5. Raw Material Market

The domestic octanol market center shifted lower today. Due to low pricing among intermediaries holding profitable positions, current sell offers struggled to find buyers. Ahead of the National Day holiday, octanol plant supplies recovered somewhat, resulting in ample market availability. Downstream users maintained a strong wait-and-see attitude.

6. Data Calendar

Table 2: Domestic DOTP Data Overview (Units: 10k tons, CNY/ton)