① Today, domestic DBP prices in Henan and North China decreased by 200 RMB/ton, while prices in Shandong decreased by 50 RMB/ton.
② The domestic DBP operating rate stood at 40% today.
Table 1: Domestic DBP Industry Chain Price Summary (Unit: RMB/ton)
| Product | Market | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| DBP | Shandong | 11150 | 11100 | -50 | -0.45% |
| Henan | 10700 | 10500 | -200 | -1.87% | |
| North China | 10800 | 10600 | -200 | -1.85% | |
| South China | 10800 | 10800 | 0 | 0% | |
| Key Upstream | |||||
| n-Butanol | Shandong | 8200 | 8000 | -200 | -2.44% |
| Naphthalene-based PA | Hebei | 9600 | 9400 | -200 | -2.08% |
Data Source: Chempricehub Information
Based on the Henan region as a benchmark, today's DBP closed at 10,500–10,500 RMB/ton, consistent with morning expectations. Domestic DBP market prices continued to decline today, with strong wait-and-see sentiment prevailing. It is reported that both raw materials, phthalic anhydride (PA) and n-butanol, have fallen sharply for consecutive days, leading to a significant reduction in costs and weakening price support. Downstream buyers engaged in opportunistic purchasing based on rigid demand but remained cautious in operations. Market inquiries and transactions were sluggish.
Today, the domestic DBP capacity utilization rate was 40%. With falling prices for raw materials PA and n-butanol, the current profitability of DBP products is approximately 1,155 RMB/ton.
Currently, raw material prices are expected to continue declining, further reducing cost support for DBP prices. Downstream purchases remain primarily driven by rigid demand at lower levels, while market inquiries and transactions are slowing down. Therefore, the DBP market is expected to trend sideways with a weak bias in the near term.
DOP Market: Today, prices for raw materials 2-EH (2-ethylhexanol) and PA declined, causing DOP market prices to follow suit. However, buying interest remained poor, and market participants held bearish sentiments. Low-priced offers emerged frequently in the afternoon, but transaction volumes remained sluggish, with only sporadic purchases meeting rigid demand.
Table 2: Domestic DBP Data Overview (Unit: 10,000 tons, RMB/ton)
| Indicator | Release Date | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Weekly Capacity Utilization Rate | Thursday 17:00 | 37% | ↘ |
| Weekly Output | Thursday 17:00 | 0.78 | ↘ |
| Average Weekly Profit | Thursday 17:00 | 633 | ↘ |
Data Source: Chempricehub Information
Notes:
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