The market price center of DBP has shifted upward.

1. Daily Summary

① Domestic DBP prices in Henan and North China increased by 100 RMB/ton today.

② Today's domestic DBP operating rate is 38%.

2. Spot Market Overview

Table 1: Domestic DBP Industry Chain Price Summary (Unit: RMB/ton)

Based on the Henan region, today's DBP closed at 10,000–10,000 RMB/ton, consistent with morning expectations. Today, domestic DBP market prices fluctuated upward, with strong wait-and-see sentiment prevailing. The price of raw material naphthalene-based phthalic anhydride rose; although n-butanol continued to decline, cost support remains robust. Downstream users maintain rigid demand purchasing at lower levels, resulting in cautious trading operations. Transaction focus centered on lower price points, while overall market supply was limited, with medium-to-low operating loads.

3. Production Dynamics

Today's domestic DBP capacity utilization rate stood at 38%. The current profitability level for DBP products is approximately 427 RMB/ton.

4. Price Forecast

Currently, cost support and limited market supply jointly underpin market prices. However, considering cautious downstream procurement and average inquiry and transaction performance, the DBP market is expected to undergo volatile consolidation in the near term.

5. Related Products Status

DOP Market: Today, low-price transactions for raw material octanol proceeded smoothly. Following the holiday return, DOP market supply was ample. Mainstream merchants maintained stable opening prices and actively shipped goods. Driven by rising crude oil and futures prices, end-users and traders engaged in restocking activities, leading to good transaction performance and widespread afternoon price increases.

Table 2: Domestic DBP Data Overview (Unit: 10,000 tons, RMB/ton)