This week, DOP prices fluctuated and rose
As of August 23, the DOP price was 9050 yuan / ton, up by 0.42% compared with the DOP price of 9012.50 yuan / ton on August 15 at the beginning of the week. On August 22, the DOP commodity index was 65.30, down 0.45 points from yesterday, down 42.45% from the highest point 113.46 in the cycle (2021-08-04), and up 58.76% from the lowest point 41.13 on April 7, 2020. (Note: the period refers to September 1, 2011 to now). The industrial chain starts at a low level, and the DOP price fluctuates and rises this week.
Operation of Plasticizer enterprises with high temperature and electricity limitation decreased
Affected by high temperature and drought, factories in Sichuan and Chongqing have been shut down continuously. On August 21, Sichuan launched the first level emergency response of energy supply guarantee for emergencies, and Sichuan Province extended the deadline for limiting power supply and stopping production to 24:00 on August 25.. Hubei, Jiangsu, Anhui, Chongqing, Zhejiang and Shanghai all have different power limitation measures. Due to the impact of the restricted film, the operating rate of enterprises and end users in Jiangsu and Zhejiang decreased, and the operating rate of plasticizer enterprises was as low as 40%.
Adjustment of raw material price fluctuation
This week, the price of isooctanol rose first and then fell. As of August 23, the price of isooctanol was 8266.67 yuan / ton, down from the price of 8300 yuan / ton on August 15 at the beginning of last week. The high-level power supply is limited, the production of isooctanol enterprises is increased, and the start-up of isooctanol enterprises is decreased. However, compared with the start-up of downstream DOP enterprises, the supply of isooctanol is relatively sufficient, the price of isooctanol fluctuates and falls, and the cost of DOP is reduced. The pressure of future decline still exists.
According to the price monitoring of the business agency, the price of phthalic anhydride fluctuated and rose this week, and the market of phthalic anhydride was strongly adjusted. As of August 23, the price of phthalic anhydride was 8100 yuan / ton, up 0.47% from 8062.50 yuan / ton on August 15 at the beginning of the week. This week, the price of phthalic anhydride increased, the cost of DOP raw materials increased, and the driving force for the rise of DOP still exists.
This week, PVC prices fluctuated and fell
The PVC price fluctuated and fell this week. As of August 23, the PVC price was 6482.86 yuan / ton, down 0.52% from 6516.67 yuan / ton on August 15 at the beginning of the week. Affected by the high temperature, power and production were limited in some areas, and the operating rate of PVC enterprises decreased. Although the PVC price rebounded for a short time, the overall PVC fundamentals still lacked the support of rising, and the demand for DOP was weak. In the future, the upward momentum of DOP was weakened and the downward pressure was increased.
Future market expectation
Due to the impact of high temperature limit, many places have stopped production and reduced production, the plasticizer industry chain has started to decline, and the plasticizer demand is weak; The price of raw material isooctanol rises first and then falls, the price of phthalic anhydride rises slightly, and the cost of plasticizer DOP rises first and then falls. In the future, the rising support of DOP can not be sustained, the demand of DOP is weak and the cost is falling, the pressure of DOP decline is increased, and it is expected that the price of DOP will fluctuate and fall in the future.
