DOP prices fluctuated and consolidated in March
| Thiourea |
According to data monitoring by Business News Agency, as of March 30, the price of DOP was 10050 yuan/ton, an increase of 1.01% compared to the price of DOP of 9950 yuan/ton on March 1. Cost support remains, with the DOP market surging in March.
The price of raw material isooctanol fluctuates and rises
According to the price monitoring by the Business Society, as of March 30, the price of isooctanol was 9642.86 yuan/ton, up 4.49% from the shock of 9228.57 yuan/ton on March 1. In March, the price of isooctanol fluctuated and increased, while DOP raw material cost support remained. DOP had a strong upward momentum. In April, there was an overhaul plan for isooctanol enterprises, and it is expected that the supply of isooctanol will decrease. In the future, isooctanol will have a strong upward momentum.
The market of raw material phthalic anhydride fluctuated and rose
According to the price monitoring by the Business Agency, as of March 30, the quotation for ortho phthalic anhydride was 8625 yuan/ton, an increase of 2.07% compared to the price of 8450 yuan/ton on March 1. The price of o-xylene rose, but the willingness to stand up for phthalic anhydride remained. In March, the market for phthalic anhydride remained stagnant, and the upward momentum for DOP in the future remained.
Import and export data statistics
According to the import and export data released by the customs, the cumulative export volume in January and February 2023 was 11471.71 tons, a year-on-year increase of 55.18%. Due to the Spring Festival holiday, the export volume in January decreased year-on-year, but the volume remained at 5179.38 tons. In February, exports returned to normal, and the export volume rebounded to 6292.34 tons. In January and February, the export volume increased to varying degrees compared to the same month. From January to February 2023, the cumulative import volume of DOP was 305.9 tons, a year-on-year decrease of 47.26%. Among them, the quantity in January was relatively small, only 99.44 tons. The import volume in January and February decreased significantly. DOP export data increased, import data decreased, and domestic plasticizer market supply decreased. Support for DOP growth remains.
Aftermarket expectations
According to DOP data analysts from the Business News Agency, in March, the price of isooctanol, a raw material for DOP, fluctuated and rose, while the market for phthalic anhydride remained stagnant after rising. After rising, the cost of DOP stabilized, and the price of DOP rose slightly. In the future, the maintenance of isooctanol enterprises will support the price increase, and the expectation of weak DOP demand remains. The positive import and export data will provide some support for domestic DOP prices. It is expected that the DOP prices will consolidate strongly in the future.
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