Morning Market Brief for DBP

1. Key Focus Points

• Downstream rigid demand procurement for DBP (Dibutyl Phthalate).
• Raw material prices remain at high levels.
• Nov 11: The Middle East situation remains unstable, and the prospects for US-Iran negotiations are unclear, leading to a rise in international crude oil prices. NYMEX WTI crude oil futures for the December contract closed at USD 86.53/bbl, up USD 0.49/bbl, a month-on-month increase of +0.57%. ICE Brent crude oil futures for the January contract closed at USD 92.76/bbl, up USD 1.27/bbl, a month-on-month increase of +1.39%. Shanghai INE crude oil futures for the January 2027 contract fell by CNY 15.2 to CNY 584.1/bbl during the day session, then rose by CNY 13.2 to CNY 597.3/bbl in the night session.

2. Price List

Comparison of DBP and Upstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based PA, and n-butanol are all national standard premium-grade products.
2. The prices listed are spot cash prices inclusive of VAT, expressed in CNY/ton.
3. All RMB prices in the table above are ex-factory spot cash prices.
4. The "Previous" and "Current" period prices represent point-in-time prices from the two preceding working weeks before this week, not weekly average prices.
5. The change rate reflects the month-on-month (or period-over-period) percentage change.

3. Market Outlook

Yesterday, the domestic market price center for DBP shifted downward. It is reported that the prices of both raw materials dropped significantly, weakening cost support for DBP prices. Downstream buyers maintained a bearish sentiment with low willingness to take delivery, intensifying wait-and-see attitudes and cautious trading operations. Market inquiries and transactions were sluggish. It is expected that today's DBP market prices will fluctuate and trend lower.

4. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. →↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.