Weak consolidation of plasticizer DOTP prices in April

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the price of DOTP was 9937.50 yuan/ton, a fluctuating decrease of 1.73% compared to the price of 10112.50 yuan/ton on April 1st. In March, the price of DOTP plummeted by 13.89%. In April, the decline in DOTP slowed down, and in April, the price of DOTP remained weak and consolidated

In April, the price of isooctanol fluctuated slightly and fell

According to the Commodity Market Analysis System of Business Society, as of April 29th, the price of isooctanol was 9700 yuan/ton, a fluctuation decrease of 3.58% compared to the price of 10060 yuan/ton on April 1st. In April, the price of isooctanol fluctuated and fell. In April, the price of isooctanol did not continue the downward trend in March. The price of isooctanol remained low and consolidated, while the price of raw material propylene fluctuated and consolidated. Cost support was insufficient, and the downward pressure on isooctanol increased. The upward momentum weakened; Downstream customers have average purchasing enthusiasm, with limited support from isooctanol.

In April, the price of phthalic anhydride first rose and then fell

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the price of phthalic anhydride was quoted at 7720 yuan/ton, a fluctuation decrease of 0.23% compared to the price of phthalic anhydride at 7737.50 yuan/ton on April 21st; Compared to April 1st, the price of phthalic anhydride fluctuated and increased by 1.75% to 7587.50 yuan/ton. Cost support, the price of phthalic anhydride fluctuated and increased in the first and second half of the year; Poor demand has led to a decline in the price of phthalic anhydride in the latter half of the year, while the high price of phthalic anhydride in Naifa has fallen, and the support for the rise of phthalic anhydride in neighboring countries has weakened.

Downstream spring maintenance is less than expected

In April, downstream enterprises began spring maintenance one after another, with an increase in enterprise maintenance. This year, the demand for plastic products in the market has been sluggish, and the order situation is lower than expected, resulting in limited growth in demand for plasticizers. There is still downward pressure on the demand side of plasticizers in the future. In April, the capacity utilization rate of PVC production enterprises decreased month on month, but the maintenance of enterprises did not meet expectations, and the capacity utilization rate of enterprises increased year-on-year. The maintenance is mainly concentrated in mid April, and in the latter half of the year, the maintenance enterprises gradually recover, with a slow increase in production and strong demand for plasticizers.

Future expectations

Business Society plasticizer product data analysts believe that in terms of raw materials, the price of isooctanol fluctuates and falls, the price of phthalic anhydride first rises and then falls, and the cost of plasticizer DOTP decreases; In terms of supply, the high starting point of plasticizer DOTP is stable, and the supply of plasticizer DOTP is sufficient; In terms of demand, downstream manufacturers conducted centralized maintenance in April, resulting in a decrease in enterprise production. However, the maintenance did not meet expectations, and there is still support for the demand for plasticizer DOTP. In the future, the cost support for plasticizer DOTP will decrease, and there will be significant demand support. It is expected that DOTP prices will consolidate at a low level in the future.