Weak consolidation of plasticizer DOTP
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyishe, as of March 5th, the price of DOTP was 11850 yuan/ton, a decrease of 0.42% compared to February 29th when the price of DOTP was 11900 yuan/ton; Compared to February 16th, the price of DOTP decreased by 0.63% at 11925 yuan/ton; Compared to February 1st, the price of DOTP decreased by 0.63% to 11925 yuan/ton. The prices of raw materials such as isooctanol and phthalic anhydride are weakly consolidating, with insufficient cost support; After the holiday, plasticizer manufacturers resumed production, and the supply of DOTP increased. Downstream production resumed slowly, and the demand for plasticizers did not recover well. In February, DOTP prices weakened and stabilized.
Weak consolidation of isooctanol prices
According to the Commodity Market Analysis System of Business Society, as of February 29th, the quotation for isooctanol was 12437.50 yuan/ton, an increase of 0.71% compared to the quotation of 12350 yuan/ton on February 16th; Compared to February 1st, the price of 12375 yuan/ton has increased by 0.51%; On March 5th, the price of isooctanol was 12337.50 yuan/ton, a decrease of 0.80% from February 29th and 0.30% from February 1st. During the Spring Festival, the production of isooctanol was at a low level, but after the holiday, it slowly recovered. The supply of isooctanol increased, but the demand for isooctanol did not recover well. In February, the price of isooctanol weakened and stabilized, while after the holiday, the raw material propylene fluctuated and rose, increasing cost support. In March, the price of isooctanol fluctuated and stabilized.
The price of phthalic anhydride first rises and then falls
According to the Commodity Market Analysis System of Business Society, as of February 29th, the price of phthalic anhydride was 7687.50 yuan/ton, an increase of 0.82% compared to the price of 7625 yuan/ton on February 16th, and an increase of 0.82% compared to the price of 7625 yuan/ton on February 1st; On March 5th, the price of phthalic anhydride was 7587.50 yuan/ton, a decrease of 1.30% from February 29th and 0.49% from February 1st. During the Spring Festival, some facilities continued to shut down, and after the holiday, the domestic production rate of phthalic anhydride was around 60%. During the Spring Festival, inventory consumption on site was fast, and prices of phthalic anhydride manufacturers increased. With the resumption of production by phthalic anhydride manufacturers, the supply of phthalic anhydride increased, and demand was poor. As a result, the price of phthalic anhydride fell in March.
PVC prices fluctuate and rise
According to the Commodity Market Analysis System of Business Society, as of March 5th, the PVC quotation was 5629 yuan/ton, an increase of 0.59% compared to the PVC quotation of 5596 yuan/ton on February 29th; Compared to February 17th, the price of PVC increased by 1.13% to 5566 yuan/ton; Compared to February 1st, the price of PVC increased by 0.99% to 5574 yuan/ton. Before the holiday, PVC demand was weak, PVC prices fluctuated and fell, downstream rigid demand procurement, downstream manufacturers began to work after the holiday, PVC prices fluctuated and rose after the holiday, and demand for plasticizers slowly rebounded.
Future expectations
Business Society plasticizer product data analysts believe that the price of raw material isooctanol is weak and consolidating, and the cost support for plasticizer DOTP is insufficient; After the holiday, the PVC market rebounded slowly, with insufficient demand for plasticizers and poor support for the increase in plasticizers. In the future, the cost support for plasticizers is insufficient, and downstream demand is slowly recovering. It is expected that DOTP prices will fluctuate and consolidate in the future.
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