① Domestic DBP prices in Henan fell by RMB 150/ton, Shandong fell by RMB 100/ton, while North and South China regions both declined by RMB 200/ton.
② The domestic DBP operating rate stood at 40% today.
Table 1: Summary of Domestic DBP Supply Chain Prices (Unit: RMB/ton)
| Product | Market | Previous Period | Current Period | Change Value | Change Rate |
|---|---|---|---|---|---|
| DBP | Shandong | 11250 | 11150 | -100 | -0.89% |
| Henan | 10850 | 10700 | -150 | -1.38% | |
| North China | 10900 | 10700 | -200 | -1.83% | |
| South China | 11000 | 10900 | -200 | -1.82% | |
| Key Upstream | |||||
| n-Butanol | Shandong | 8400 | 8200 | -200 | -2.38% |
| Naphthalene-based PA | Hebei | 9800 | 9600 | -200 | -2.04% |
Data Source: Chempricehub Information
Taking the Henan region as the benchmark, DBP closed at RMB 10,700–10,700/ton today, aligning with morning expectations. Domestic DBP market prices trended downward with volatility amid a strong wait-and-see sentiment. It is reported that raw material prices for phthalic anhydride and n-butanol continued to decline, reducing costs and weakening price support. Meanwhile, downstream demand remained rigid with opportunistic purchasing at lower levels, leading to cautious trading operations and sluggish inquiries and transactions.
The domestic DBP capacity utilization rate was 40% today. With falling prices for phthalic anhydride and n-butanol, the current profit margin for DBP products stands at approximately RMB 988/ton.
Currently, there remains room for further declines in raw material prices, weakening cost support for DBP. Downstream buyers are primarily engaging in opportunistic purchases based on rigid demand, resulting in reduced market inquiries and transactions. Consequently, the DBP market is expected to remain volatile and weak in the near term.
DOP Market: Today, following the decline in raw material 2-EH (2-ethylhexanol) prices, DOP market prices continued to trend downward. However, with the beginning of the week, participants maintained a heavy wait-and-see attitude. Overall market inquiries were sluggish, with end-users mainly placing small orders to meet rigid demand.
Table 2: Domestic DBP Data Overview (Unit: 10,000 tons, RMB/ton)
| Metric | Release Time | Previous Data | Current Trend Estimate |
|---|---|---|---|
| Weekly Capacity Utilization | Thursday 17:00 | 37% | ↘ |
| Weekly Output | Thursday 17:00 | 0.78 | ↘ |
| Average Weekly Profit | Thursday 17:00 | 633 | ↘ |
Data Source: Chempricehub Information
Notes:
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