Morning Market Update: DBP

I. Key Focus Areas

1. Essential downstream procurement of DBP.
2. Raw material prices remain at high levels.
3. Nov/Dec: The outlook for US-Iran relations remains unclear, and market concerns over supply risks persist, driving up international crude oil prices. NYMEX WTI crude futures (December contract) rose by USD 2.21 to USD 88.74/barrel, a week-on-week increase of +2.55%; ICE Brent crude futures (January contract) rose by USD 3.06 to USD 95.82/barrel, a week-on-week increase of +3.30%. China INE crude oil futures (contract 2701) fell by CNY 11.8 to CNY 595.9/barrel in the day session, but rose by CNY 14.6 to CNY 610.5/barrel in the night session.

II. Price Table

DBP and Upstream Product Price Comparison

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based phthalic anhydride, and n-butanol are all National Standard Premium Grade products.
2. Prices listed are spot cash-inclusive prices, denominated in CNY/ton.
3. All RMB prices in the table above represent factory spot cash prices.
4. "Previous Period" and "Current Period" refer to snapshot prices from the two preceding working weeks relative to this week, not weekly averages.
5. The change rate represents the period-over-period percentage change.

III. Market Outlook

Yesterday, the price center of domestic DBP continued to decline. It is reported that both raw material prices have fallen consecutively, weakening cost support for DBP. Downstream buying interest remained low, with heightened wait-and-see sentiment and cautious trading behavior. Market inquiries and transactions were sluggish. Today, DBP market prices are expected to fluctuate and adjust.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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