① DOP market prices rose, with some increases of approximately 100 CNY/ton.
② Today's domestic DOP capacity utilization rate stood at 53%.
Table 1: Domestic DOP Price Summary (Unit: CNY/ton)
| Market | Pricing Basis | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-works | 10425 | 10425 | 0 | 0.00% |
| Shandong | Ex-works | 10450 | 10550 | 100 | 0.96% |
| Jiangsu | Delivered | 10700 | 10800 | 100 | 0.93% |
| Zhejiang | Ex-works | 10625 | 10750 | 125 | 1.18% |
| South China | Delivered | 10750 | 10850 | 100 | 0.93% |
| Key Upstream - Octanol | |||||
| Shandong | Ex-works | 9500 | 9500 | 0 | 0.00% |
Data Source: Chempricehub Information
Using the Jiangsu region as a benchmark, today's mainstream DOP price is 10,800 CNY/ton on a delivered basis, consistent with morning expectations. Today, DOP market prices continued to trade at high levels. Although prices remained firm, inquiry activity weakened significantly. Downstream users showed clear resistance to purchasing at current high prices, resulting in a sluggish trading and inquiry atmosphere throughout the day.
The DOP capacity utilization rate was at the 53% level. Regarding profits, phthalic anhydride prices rose, East China octanol prices remained stable, and DOP prices increased, resulting in a profit margin of 63 CNY/ton.
Currently, supported by costs, DOP prices are trading at high levels. However, demand follow-through is insufficient, and supply remains slightly tight in the East China region. DOP market prices are expected to fluctuate within a narrow range.
Octanol Market: Today, the negotiation center for the domestic octanol market remained stagnant. New orders in the downstream plasticizer market turned sluggish, with buyers cautious about procuring spot octanol at high prices. The market saw small-lot negotiations. Recently, supply expectations for the octanol market have increased, with some factories actively selling off inventory, leading to lower-end spot negotiations.
Table 2: Domestic DOP Data Overview (Units: 10,000 tons, CNY/ton)
| Data Indicator | Release Date | Previous Value | Expected Trend |
|---|---|---|---|
| DOP Weekly Output | Thursday 16:00 PM | 2.57 | ↘ |
| DOP Weekly Average Capacity Utilization Rate | Thursday 16:00 PM | 56% | ↘ |
| DOP Weekly Average Production Profit | Thursday 16:00 PM | 51 | ↘ |
Data Source: Chempricehub Information
Notes:
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