Morning Market Brief: DBP

I. Key Points

1. Downstream demand for DBP remains driven by essential needs.
2. Raw material prices continue to run at high levels.
3. On November 4, the Democratic Party won the U.S. midterm elections. Market expectations suggest that tensions between the U.S. and Iran will ease, reducing concerns over supply risks and leading to a drop in international crude oil prices. NYMEX WTI crude oil futures (December contract) fell USD 7.97/barrel to USD 88.12/barrel, a decrease of 8.29% compared to the previous period; ICE Brent crude oil futures (January contract) fell USD 8.98/barrel to USD 94.62/barrel, a decrease of 8.67%. China INE crude oil futures (contract 2612) dropped by CNY 18.7 to CNY 676.2/barrel, while night session trading saw a further decline of CNY 47.8 to CNY 628.4/barrel.

II. Price Table

Comparison of DBP and Upstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, phthalic anhydride (naphthalene process), and n-butanol are all based on national standard premium-grade specifications.
2. The prices listed are spot cash prices inclusive of tax, denominated in CNY per ton.
3. All RMB prices in the table above represent ex-factory spot cash prices.
4. The "Previous Period" and "Current Period" prices refer to point-in-time prices from the two preceding working weeks before this week, not weekly average prices.
5. The change rate represents the period-over-period fluctuation.

III. Market Outlook

Yesterday, domestic DBP market prices fluctuated with a downward trend. Market sentiment shifted towards wait-and-see approaches. It is reported that raw material prices declined, yet cost support for DBP prices remains intact. Downstream procurement continues to be driven by essential needs, with cautious operational strategies. Market inquiries and transactions remain sluggish. Today’s DBP market prices are expected to fluctuate within a weak range.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions where changes exceed 3%.
2. →↗↘ indicate minor fluctuations, highlighting data dimensions where changes fall within the 0–3% range.