Morning Market Outlook for the DBP Market

I. Key Points

1. Downstream DBP buyers are cautiously purchasing based on rigid demand at lower price levels.
2. Raw material prices continue to rise.
3. On October 14: Houthi rebels attacked Saudi energy facilities, heightening market concerns over supply risks and driving up international oil prices. NYMEX crude oil futures (November contract) closed at $95.09/barrel, up $0.95 (+1.01% WoW); ICE Brent crude futures (December contract) closed at $106.06/barrel, up $0.37 (+0.35% WoW). China INE crude oil futures (December 2026 contract) rose by 14.5 yuan to 746.5 yuan/barrel during the day session but fell by 17 yuan to 729.5 yuan/barrel in the night session.

II. Price Table

Comparison of DBP and Upstream Product Prices

Unit: RMB/ton

Data Source: Chempricehub Information

Notes:

1. DBP, phthalic anhydride (naphthalene process), and n-butanol all refer to national standard premium-grade products.
2. Prices listed are cash-on-delivery (COD) inclusive of tax, denominated in RMB per ton.
3. All RMB prices in the table above represent ex-factory cash-in-advance prices.
4. The "Previous" and "Current" period prices reflect point-in-time snapshots from the two preceding working weeks prior to this week, not weekly averages.
5. The change rate represents the week-over-week percentage variation.

III. Market Outlook

Yesterday, the domestic DBP market remained elevated, with increased wait-and-see sentiment prevailing. It is reported that the raw material phthalic anhydride market fluctuated weakly, while n-butanol prices continued to consolidate at high levels. High production costs for DBP provide strong support for its price. Market supply remains limited, and downstream buyers primarily engage in cautious purchasing driven by rigid demand at lower price points. Inquiry and transaction volumes were moderate. DBP prices are expected to undergo volatile adjustments today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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