On February 2, the commodity price ratio index between isooctanol and DOP on Business Society was 114.90, a decrease of 0.82 points from the previous day. Compared to the highest point of 147.70 in the cycle (February 7, 2022), it fell by 22.21%, and compared to the lowest point of 91.74 on November 3, 2015, it increased by 25.25%. (Note: The cycle refers to the period from January 1, 2012, to the present.) Isooctanol prices fluctuated and declined, DOP prices fluctuated and declined, and DOP still faces downward pressure with weakened upward momentum.

On February 2, the commodity price ratio index between phthalic anhydride and DOP on Business Society was 83.96, a decrease of 0.67 points from the previous day. Compared to the highest point of 113.13 in the cycle (October 16, 2022), it fell by 25.78%, and compared to the lowest point of 45.17 on July 27, 2021, it increased by 85.88%. (Note: The cycle refers to the period from January 1, 2012, to the present.) Phthalic anhydride prices fluctuated and declined, DOP prices fluctuated and declined, and DOP’s upward momentum weakened while downward pressure persisted.

On February 3, the DOP market in Jiangsu region showed a weak downward trend, with quotations at 7,950 yuan/ton. In Shandong region, the DOP market declined, with quotations at 7,800 yuan/ton. In Zhejiang region, the DOP market also showed a weak downward trend, with quotations at 8,050 yuan/ton.

On February 3, the raw material phthalic anhydride for DOP experienced a weak decline, and isooctanol prices also showed a weak downward trend. The cost of DOP raw materials weakened and declined. DOP production capacity utilization decreased, downstream market conditions were average, downstream demand remained rigid, and downstream customers’ purchasing willingness was moderate. Transaction prices were subject to negotiation. DOP quotations ranged from 7,800 to 8,050 yuan/ton, showing a weak downward trend. Actual transaction prices also declined weakly. The positive factors for DOP weakened while negative factors intensified, leading to a weak downward trend in the DOP market.