The price of DOTP fluctuated and rose in March

According to data monitoring by Business News Agency, as of March 31, the average price of DOTP was 10080 yuan/ton, an increase of 0.93% compared to the average price of 9987.50 yuan/ton on March 1. Plasticizer enterprises started steadily, with sufficient supply of DOTP. The rising price of raw materials was supported by DOTP costs. In March, DOTP prices fluctuated and rose.

Raw material prices fluctuated and rose in March

According to business agency data detection; As of March 31, the price of isooctanol was 9471.43 yuan/ton, up 2.63% from the shock of 9228.57 yuan/ton on March 1. Downstream demand for isooctanol has temporarily stabilized, and downstream customers are seeking bargains to replenish inventory. In March, the price of isooctanol fluctuated and increased, and the upward momentum for DOTP remains. In April, the overhaul expectations for isooctanol enterprises increased, and the price of isooctanol has consolidated strongly. In the future, the upward momentum for DOTP remains.

According to data testing by Business News Agency, as of March 31, the PTA price was 6404.55 yuan/ton, a significant increase of 14.42% compared to the price of 5597.27 yuan/ton on March 1. In March, PTA enterprises stabilized, and the textile industry market entered a traditional peak season. PTA demand slowly rebounded. In March, PTA prices fluctuated and rose, supporting the cost of DOTP raw materials. It is expected that the momentum for DOTP growth in the future will increase.

Import and export data statistics

According to the import and export data released by the customs, in January and February 2023, the cumulative import volume of DOTP was 5670.26 tons, a year-on-year increase of 1.87%. Due to the Spring Festival holiday, the import volume in January decreased year-on-year, and in February, the import volume returned to normal. In January and February, the import volume increased to varying degrees year-on-year. From January to February 2023, the cumulative export volume of DOTP was 8.7 tons, a year-on-year increase of 117.5%. The export data of DOTP has increased significantly, while the import data has increased slightly. The import and export volumes have both increased, and the import volume is far greater than the export volume. The domestic plasticizer market has sufficient supply, and the support for the rise of DOTP is insufficient.

Aftermarket expectations

According to DOTP data analysts from the Business News Agency, in March, the raw material of plasticizer DOTP, isooctanol, surged, the price of PTA rose significantly, and the raw material cost of plasticizer DOTP rose; Downstream customers are hunting for bargains to replenish their inventories. In March, DOTP demand was weak, and DOTP demand support was insufficient. The price of isooctanol fluctuates and rises. With the arrival of the peak season, PTA prices have significantly increased, import volumes have increased, and the plasticizer market has sufficient supply. In the future, cost support is relatively large, and demand is weak. It is expected that DOTP will consolidate strongly in the future.