DBP market prices are trending downward amid volatility

1. Today's Summary

① Today, domestic DBP prices in Henan and Hebei regions decreased by 50 CNY/ton; other regions remained stable.
② Today's domestic DBP operating rate was 39%.

2. Spot Market Overview

Table 1: Domestic DBP Industry Chain Price Summary (Unit: CNY/ton)

Based on the Henan region as the benchmark, today's DBP price closed at 10,300–10,350 CNY/ton, consistent with morning expectations. Today, domestic DBP market prices fluctuated downward. High-end prices receded, with the market center of gravity shifting toward lower levels. Raw material n-butanol prices continued to decline, leading to a slight decrease in DBP production costs. Market operating loads were low, limiting supply from producers. Downstream buyers maintained rigid demand and purchased opportunistically at lower prices. Overall market sentiment remained cautious, keeping the price center at lower levels.

3. Production Dynamics

Today, the domestic DBP capacity utilization rate stood at 39%. The current profitability level for DBP products is approximately 799 CNY/ton.

4. Price Forecast

Currently, raw material markets are trending downward amid fluctuations, reducing cost pressure and weakening support. Market supply remains limited due to low production rates. Downstream buyers are cautious with low purchasing intent, causing high-end prices to retreat toward lower levels. The DBP market is expected to continue fluctuating downward in the near term.

5. Related Product Updates

DOP Market: Today, raw material octanol prices remained stable with smooth trading. Supported by improved buying activity yesterday, DOP market saw fewer low-price offers, but follow-through transactions at higher prices were insufficient. New orders from downstream buyers declined slightly, procurement remained cautious, and overall trading sentiment was average.

Table 2: Domestic DBP Data Overview (Units: 10,000 tons, CNY/ton)