March 5th News
On March 5th, Kaifeng Jiuhong Chemical Co., Ltd., with a total annual capacity of 180,000 tons for DOP, DOTP, and DPHP, announced an ex-factory price of 8,600 RMB/ton for DOP, inclusive of tax, representing an increase of 350 RMB/ton.
Chempricehub Analysis:
**DOP** – Bull-Bear Score: 1.5
The ex-factory price of DOP has risen by 350 RMB/ton to 8,600 RMB/ton (inclusive of tax), an increase of approximately 4.07%, reflecting tight supply or increased demand in the spot market, which is favorable for spot prices. Considering the company’s annual capacity of 180,000 tons, this price adjustment may be driven by rising raw material costs or increased procurement from downstream industries, providing short-term support for stronger spot market conditions.
**DOTP** – Bull-Bear Score: 1
As a related plasticizer product to DOP, under the same company’s production capacity, DOTP spot prices may be positively influenced by the rise in DOP quotations, showing a favorable trend. Market supply and demand dynamics are likely similar, but the lack of direct pricing change data results in a neutral-to-bullish impact, with spot prices expected to rise moderately.
**DPHP** – Bull-Bear Score: 1
As part of the same plasticizer series as DOP, DPHP spot market conditions are positively affected by the spillover effect of the 350 RMB/ton increase in DOP quotations, benefiting spot prices. The company’s overall production capacity supports market confidence, and demand may follow suit. However, in the absence of direct price adjustment information, spot prices are expected to experience a slight boost.