I. Key Points
- Downstream demand for DBP remains driven by essential procurement needs.
- Raw material prices remain at high levels.
- On October 26: Mediators continued to promote US-Iran peace talks, slightly alleviating market concerns regarding supply risks, leading to a decline in international crude oil prices. The NYMEX WTI futures December contract closed at $101.76/bbl, down $1.51/bbl (-1.46% week-over-week). The ICE Brent futures December contract closed at $115.81/bbl, down $0.91/bbl (-0.78% week-over-week). The INE Shanghai Crude Oil futures December 2026 contract rose by 22.7 yuan to 739.7 yuan/bbl during the day session and fell by 6.4 yuan to 733.3 yuan/bbl during the night session.
II. Price List
Comparison of DBP and Upstream Product Prices
Unit: CNY/ton
Data Source: Chempricehub
Notes:
- DBP, naphthalene-based phthalic anhydride, and n-butanol are all National Standard Premium Grade products.
- Prices listed are spot cash prices inclusive of tax, in CNY/ton.
- All RMB prices in the table above are ex-factory spot cash prices.
- The "Previous Period" and "Current Period" prices represent point-in-time prices from the two preceding working weeks prior to this week, not weekly averages.
- The change rate refers to the week-over-week percentage change.
III. Market Outlook
Yesterday, the central price level of the domestic DBP market increased. It is reported that market prices for both key raw materials have risen consecutively, keeping costs persistently high and strengthening support for DBP prices. Downstream procurement is primarily driven by essential demand, with market inquiries and transactions concentrated at lower price points. The DBP market price is expected to fluctuate within a high range today.
IV. Data Calendar
Data Source: Chempricehub
Notes:
- ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding ±3%.
- →↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.
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