Morning Market Update for the DBP (Dibutyl Phthalate) Market

I. Key Focus Points

1. Downstream DBP demand remains rigid, with cautious purchasing on dips.
2. Raw material prices remain at high levels.
3. On October 20: The market continued to assess the prospects for US-Iran dialogue, easing supply risk concerns slightly, leading to a decline in international crude oil prices. NYMEX WTI crude oil futures (November contract) fell by USD 1.87/bbl to USD 101.79/bbl, down 1.80% week-on-week; ICE Brent crude oil futures (December contract) fell by USD 0.76/bbl to USD 108.79/bbl, down 0.69% week-on-week. China INE crude oil futures (December 2026 contract) rose by CNY 8.5 to CNY 727.3/bbl during the day session but fell by CNY 32.5 to CNY 694.8/bbl in the night session.

II. Price Table

DBP and Upstream Product Price Comparison

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, Phthalic Anhydride (Naphthalene Process), and n-Butanol are all National Standard Premium Grade products.
2. Prices listed are spot cash inclusive of VAT, in CNY/ton.
3. All RMB prices in the table above are factory ex-works spot cash prices.
4. "Previous" and "Current" period prices refer to point-in-time prices from the two preceding working weeks before this week, not weekly averages.
5. Change rate refers to the week-on-week percentage change.

III. Market Outlook

Yesterday, the domestic DBP market trended downward amidst volatility. The price of raw material n-butanol continued to fall, reducing cost support for DBP. Downstream buyers maintained rigid demand, primarily purchasing cautiously on dips, leading to increased wait-and-see sentiment. Market inquiries and transactions remained moderate. DBP prices are expected to continue trending downward today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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