Morning Market Update: DBP (Dibutyl Phthalate)

I. Key Focus Points

1. Downstream demand for DBP remains driven by rigid procurement needs.
2. Raw material prices are running at high levels.
3. Nov 5: The outlook for US-Iran relations remains unclear, with the possibility of renewed conflict persisting, thereby increasing supply risks and driving up international crude oil prices. NYMEX WTI December futures rose $2.40/bbl to $90.52/bbl (+2.72% MoM); ICE Brent January futures rose $3.67/bbl to $98.29/bbl (+3.88% MoM). In China, INE crude oil futures (contract 2612) fell by 37.8 to 638.4 CNY/bbl during the day session, then rose by 1.40 to 639.8 CNY/bbl in the night session.

II. Price Table

Comparison of DBP and Upstream Product Prices

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based phthalic anhydride (PA), and n-butanol all refer to national standard premium grade products.
2. The prices listed are spot cash inclusive-of-tax prices, denominated in CNY/ton.
3. All RMB prices in the table above represent factory gate spot cash prices.
4. "Previous Period" and "Current Period" prices refer to point-in-time prices from the two preceding working weeks prior to this week, not weekly average prices.
5. The change rate represents the period-over-period percentage change.

III. Market Outlook

Yesterday, domestic DBP market prices declined, intensifying wait-and-see sentiment among market participants. It is reported that prices for both raw materials decreased, leading to lower production costs and weakening support for DBP prices. Meanwhile, downstream procurement remained limited to rigid demand, with traders adopting a cautious approach. As a result, inquiries and transactions were sluggish. DBP market prices are expected to fluctuate downward today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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