Production: The average operating load of domestic DOTP plants was 66.58% during this period.
Costs: Prices of key raw material octanol declined, and the average price of PTA also fell.
Profits: The weekly average theoretical profit for sample DOTP enterprises was approximately RMB 707/ton.
Domestic DOTP Price Trend Chart (Unit: RMB/ton)
Table: Domestic DOTP Industry Chain Price Changes
Unit: RMB/ton
| Product | Region/Category | Current Period Average | Previous Period Average | Change in Value | Percentage Change | Unit |
|---|---|---|---|---|---|---|
| Octanol | Shandong | 9550 | 10180 | -630 | -6.19% | RMB/ton |
| PTA | East China | 6488 | 6899 | -411 | -5.96% | RMB/ton |
| DOTP | Zhejiang | 10820 | 11260 | -440 | -3.91% | RMB/ton |
| DOP | Zhejiang | 10830 | 11300 | -470 | -4.16% | RMB/ton |
Data Source: Chempricehub Information
During this period, the domestic DOTP market prices trended downward weakly. In the Zhejiang region, weekly quoted prices ranged from RMB 10,600 to 11,200 per ton. Expectations of easing geopolitical tensions rose this week, causing international crude oil prices to drop significantly, which in turn led to a general weakening of chemical products. Raw materials for DOTP, namely octanol and PTA, declined simultaneously, creating clear negative pressure on the cost side. Market sentiment regarding future prospects remained cautious. Downstream buyers primarily focused on consuming existing raw material inventories, with low willingness to place new orders, resulting in insufficient demand support. Currently, DOTP transactions are sluggish, but industry profits remain relatively high. Producers are actively offering discounts to stimulate sales, while traders tend to take short positions, leading to a continuous emergence of low-priced sources in the market. Meanwhile, DOTP operating loads increased this week. With supply rising and demand showing no signs of improvement, the previously tight supply pattern is gradually alleviating, revealing supply-demand pressures, and the market continues to face downward pressure. Market participants are closely monitoring crude oil trends and downstream order follow-through.
Domestic DOTP plant capacity utilization rates rose during this period, with an average operating load of around 67%.
On Thursday this week, the ex-factory price of DOTP in the Zhejiang market was RMB 10,600/ton, down by RMB 600/ton compared to last Thursday.
On Thursday this week, the price of DOTP's key raw material, octanol, fell by RMB 700/ton compared to last Thursday, while another raw material, PTA, rose by RMB 125/ton compared to last Thursday.
The domestic DOTP market price is expected to fluctuate with a weak bias next period. The price range in the Zhejiang region is predicted to be between RMB 10,100 and 10,600 per ton.
On the cost side, new transaction volumes for the core raw material octanol have not improved, keeping the market under pressure. However, its own high costs may compress its downside space, limiting the extent to which enterprises can offer discounts. Another raw material, PTA, is similarly dragged down by costs and is expected to maintain a weak trend. Meanwhile, concerns over supply risks in the crude oil sector have cooled, geopolitical support for oil prices has weakened, and there is potential for oil prices to fall. Overall, the cost outlook is bearish, providing negative guidance for DOTP.
Regarding demand, only small amounts of rigid demand are being released from downstream sectors. Market confidence is lacking, with most buyers choosing to replenish inventory in small batches at lower prices. Large-scale follow-up orders are scarce, and overall transactions remain thin. Coupled with rising DOTP operating loads and increased supply, the market structure is shifting from tight to loose, further suppressing quotes.
In summary, bearish factors dominate the short-term DOTP market. Traders and producers have a strong willingness to sell at discounted prices, leaving room for further declines. However, downstream bargain hunting and support from the raw material side may provide a floor, limiting the magnitude of the drop. Future focus should be on geopolitical developments, remaining vigilant against sudden shifts in crude oil sentiment that could trigger market volatility.
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