Morning Market Brief: DBP

I. Key Focus Areas

1. Downstream demand for DBP remains driven by essential procurement needs.
2. Raw material prices are trending at high levels.
3. November 10: Qatar and other mediators continued to push for US-Iran negotiations, easing market concerns and causing international crude oil prices to decline. NYMEX WTI crude oil futures (December contract) closed at $86.04/barrel, down $0.81/barrel (-0.93% WoW); ICE Brent crude oil futures (January contract) closed at $91.49/barrel, down $1.08/barrel (-1.17% WoW). Shanghai INE crude oil futures (contract 2701) fell by 31.4 yuan to 599.3 yuan/barrel; the night session declined by 9.1 yuan to 590.2 yuan/barrel.

II. Price Table

Comparison of DBP and Upstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, Naphthalene-based Phthalic Anhydride, and n-Butanol all refer to National Standard Premium Grade products.
2. The prices listed are spot cash prices inclusive of VAT, in CNY per ton.
3. All RMB prices in the table above are ex-factory spot cash prices.
4. "Previous" and "Current" period prices represent point-in-time prices from the two preceding working weeks prior to this week, not weekly averages.
5. The change percentage represents the week-over-week rate of change.

III. Market Outlook

Yesterday, domestic DBP market prices continued to decline. It is reported that both raw material prices dropped significantly and consecutively, leading to a corresponding decrease in production costs and weakening price support. Downstream purchasing remained limited to essential needs, while market sentiment turned cautious with increased wait-and-see attitudes. Trading activity and inquiries were sluggish. DBP market prices are expected to fluctuate downwards today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions where the change exceeds 3%.
2. →↗↘ indicates narrow-range fluctuations, highlighting data dimensions where the change is within 0–3%.