The market price of DOTP is maintaining a firm trend.

1. Daily Summary

① Today, domestic DOTP market prices rose, with increases ranging from 50 to 100 RMB/ton.

② The current domestic DOTP capacity utilization rate is 60%, indicating moderate overall operating levels.

2. Spot Market Overview

Table 1: Domestic DOTP Price Summary (Unit: RMB/ton)

Based on the Zhejiang region, today’s DOTP offer price in Zhejiang closed at 10,250 RMB/ton, an increase of 50 RMB/ton compared to the previous trading day, consistent with morning expectations.

Today, domestic DOTP market prices generally increased, with gains ranging from 50 to 100 RMB/ton. Yesterday’s high volume of transactions at lower prices prompted DOTP merchants to raise their quotes. However, as pre-holiday stockpiling by buyers has gradually concluded, there is growing caution regarding follow-up purchases at higher prices. Consequently, new order activity for DOTP has slowed, with transactions primarily driven by rigid demand at lower price levels.

3. Production Dynamics

Today, the domestic DOTP capacity utilization rate stood at 60%, reflecting moderate overall operating levels. Regarding profitability, the price of raw material isobutanol in East China rose, while the price of another key raw material, PTA, declined. Although the DOTP price in the Zhejiang market increased, the rise was smaller than the increase in costs. As a result, the theoretical profit margin for sample enterprises in the Zhejiang region expanded, reaching a theoretical profit of 189 RMB/ton today.

4. Price Forecast

On the cost side, the core raw material isobutanol market is expected to remain stable ahead of the holiday; meanwhile, sentiment in the PTA market remains cautious, leading to narrow-range consolidation. The cost basis for the DOTP market is trending toward stability. With the National Day holiday approaching and pre-holiday stockpiling winding down, market transactions are expected to return to a quiet state. Therefore, the market is predicted to operate steadily tomorrow.

5. Raw Material Market

Today, domestic isobutanol prices edged up slightly. Downstream users maintained a purchasing pace based on rigid demand ahead of the holiday, resulting in moderate new transaction activity. Currently, the isobutanol industry operating rate has risen to medium-high levels, leading to ample supply. Without significant positive news drivers, buyers engaged in opportunistic restocking at lower prices, while merchants primarily maintained light inventory positions.

6. Data Calendar

Table 2: Domestic DOTP Data Overview (Units: 10,000 tons, RMB/ton)