① DOP market prices rose, with an increase of 100-200 RMB/ton.
② Today’s domestic DOP capacity utilization rate stood at 54%.
Table 1: Domestic DOP Price Summary (Unit: RMB/ton)
| Market | Price Basis | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-works | 10325 | 10425 | +100 | 0.97% |
| Shandong | Ex-works | 10300 | 10450 | +150 | 1.46% |
| Jiangsu | Delivered | 10525 | 10700 | +175 | 1.66% |
| Zhejiang | Ex-works | 10425 | 10625 | +200 | 1.92% |
| South China | Delivered | 10550 | 10750 | +200 | 1.90% |
| Key Upstream - Octanol | |||||
| Shandong | Ex-works | 9500 | 9500 | 0 | 0.00% |
Data Source: Chempricehub Information
Taking the Jiangsu region as a benchmark, today’s mainstream DOP price was 10,700 RMB/ton delivered, closely aligning with morning expectations. Today, DOP market prices continued to rise, primarily driven by high costs and tight supply in local markets. Price increases ranged from 100 to 200 RMB/ton. At these high price levels, mainstream traders actively sold inventory, while downstream end-users exhibited wait-and-see attitudes and showed some resistance to the elevated prices.
DOP capacity utilization remained at the 54% level. Regarding profitability, phthalic anhydride prices rose, East China octanol prices increased, and DOP prices also climbed, resulting in a profit margin of 1 RMB/ton.
Currently, octanol and phthalic anhydride prices are at high levels, providing cost-side support for the DOP market. However, demand-side support is insufficient, as end-user buying sentiment remains sluggish due to high prices. The DOP market price is expected to maintain its high-level operation.
Octanol Market: Today, the domestic octanol market center stabilized at a high level. Some manufacturers quoted spot prices on the higher side, but downstream users showed little interest in purchasing at these high quotes. Prices for major downstream plasticizers rose, and plasticizer units reduced production to medium loads, with buying limited to rigid demand. Currently, octanol prices are relatively high, with most transactions occurring through small-lot negotiations.
Table 2: Domestic DOP Data List (Unit: 10,000 tons, RMB/ton)
| Indicator | Release Date | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Weekly DOP Output | Thursday 16:00 PM | 2.57 | ↘ |
| Average Weekly DOP Capacity Utilization | Thursday 16:00 PM | 56% | ↘ |
| Average Weekly DOP Production Profit | Thursday 16:00 PM | 51 | ↘ |
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