① DOP market prices rose, with an increase of approximately 100 RMB/ton.
② Today’s domestic DOP capacity utilization rate stood at 43%.
Table 1: Domestic DOP Price Summary (Unit: RMB/ton)
| Market | Pricing Terms | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-works | 10025 | 10125 | 125 | 1.25% |
| Shandong | Ex-works | 10250 | 10300 | 50 | 0.49% |
| Jiangsu | Delivered | 10500 | 10525 | 25 | 0.24% |
| Zhejiang | Ex-works | 10350 | 10400 | 50 | 0.48% |
| South China | Delivered | 10600 | 10600 | 0 | 0.00% |
| Key Upstream - Octanol | |||||
| Shandong | Ex-works | 8950 | 8800 | -150 | -1.68% |
Data Source: Chempricehub Information
Using the Jiangsu region as a benchmark, today’s mainstream DOP price was 10,525 RMB/ton (delivered), consistent with morning expectations. Today, raw material octanol saw smooth transactions at low prices. Following the holiday return to the market, DOP supply was abundant. Mainstream traders opened with stable prices and actively pushed shipments. Driven by rising crude oil and futures prices, end-users and traders engaged in restocking operations, leading to robust market transactions and afternoon price increases.
DOP capacity utilization remained at 43%. Regarding profitability, phthalic anhydride (PA) prices via the ortho-xylene route were stable, while East China octanol prices rose alongside DOP prices, resulting in a profit margin of 204 RMB/ton.
Intraday DOP market transactions increased significantly. Mainstream traders actively shipped goods to alleviate inventory pressure accumulated during the holiday period. Downstream end-users concentrated their essential demand replenishment upon returning to the market. Supported by this transaction volume, DOP prices are expected to maintain upward momentum tomorrow.
Octanol Market: Post-holiday domestic octanol markets showed mixed trends compared to pre-holiday levels. In Shandong, expected supply increases led manufacturers to prioritize clearing inventory and shipping, resulting in a significant price gap between Shandong and East China. East China spot supply was tight, pushing the center of gravity for spot transactions higher. Cost inversion for octanol products, combined with improved transactions in the downstream plasticizer market, boosted market confidence.
Table 2: Domestic DOP Data Overview (Unit: 10k tons, RMB/ton)
| Data Indicator | Release Date | Previous Period | Trend Forecast |
|---|---|---|---|
| DOP Weekly Output | Thursday 16:00 PM | 2.11 | ↗ |
| DOP Average Weekly Capacity Utilization | Thursday 16:00 PM | 46% | ↗ |
| DOP Average Weekly Production Profit | Thursday 16:00 PM |
Note: ↑ indicates an upward trend; ↓ indicates a downward trend.
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