① Domestic DBP prices in Shandong rose by 100 yuan/ton today, while prices in Henan, North China, and South China increased by 200 yuan/ton.
② The domestic DBP operating rate stood at 37% today.
Table 1: Summary of Domestic DBP Industry Chain Prices (Unit: Yuan/Ton)
| Product | Market | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| DBP | Shandong | 11050 | 11150 | +100 | 0.90% |
| Henan | 10800 | 11000 | +200 | 1.85% | |
| North China | 10900 | 11100 | +200 | 1.83% | |
| South China | 10800 | 11000 | +200 | 1.85% | |
| Key Upstream Products | |||||
| n-Butanol | Shandong | 8325 | 8550 | +225 | 2.70% |
| Naphthalene-based PA | Hebei | 10100 | 10050 | -50 | -0.50% |
Taking the Henan region as the benchmark, domestic DBP closed at 11,000–11,000 yuan/ton today, aligning with morning expectations. The price center of gravity for domestic DBP shifted upward, with low-end offers disappearing from the market. Although upstream phthalic anhydride (PA) prices softened slightly, they remained at high levels. Meanwhile, n-butanol prices surged significantly, strengthening cost support. With limited supply available and downstream buyers purchasing based on rigid demand, the market trended toward higher price points.
The domestic DBP capacity utilization rate was 37% today. While upstream PA prices remained weak and trending downward, n-butanol prices rose sharply. The current profitability level for DBP products is approximately 554 yuan/ton.
Currently, raw material markets are operating at high levels, providing strong cost support. Simultaneously, the low operating rate of DBP has resulted in limited supply. However, downstream procurement remains primarily driven by rigid demand, with inquiries and transactions slowing down. Therefore, the DBP market is expected to consolidate at high levels in the near term.
DOP Market: Today, upstream octanol prices rose, leading to a corresponding increase in DOP prices due to cost push factors. Some traders replenished inventory based on rigid demand. In the afternoon, prices continued to rise in certain regions, while downstream users maintained purchasing behavior aligned with their immediate needs.
Table 2: Domestic DBP Data Overview (Units: 10,000 tons; Yuan/Ton)
| Data Indicator | Release Time | Previous Period Data | Current Trend Estimate |
|---|---|---|---|
| Weekly Capacity Utilization Rate | Thursday 17:00 | 39% | ↘ |
| Weekly Output | Thursday 17:00 | 0.81 | ↘ |
| Average Weekly Profit | Thursday 17:00 | 540 | ↘ |
Notes:
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