① DOP market prices rose by approximately 100 yuan/ton.
② Domestic DOP capacity utilization rate stood at 44% today.
Table 1: Summary of Domestic DOP Prices (Unit: Yuan/Ton)
| Market | Price Basis | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-works | 10,150 | 10,325 | +175 | +1.72% |
| Shandong | Ex-works | 10,300 | 10,350 | +50 | +0.49% |
| Jiangsu | Delivered | 10,525 | 10,600 | +75 | +0.71% |
| Zhejiang | Ex-works | 10,400 | 10,500 | +100 | +0.96% |
| South China | Delivered | 10,600 | 10,650 | +50 | +0.47% |
| Key Upstream - Octanol | |||||
| Shandong | Ex-works | 8,800 | 9,000 | +200 | +2.27% |
Data Source: Chempricehub Information
Based on the Jiangsu region as a benchmark, the mainstream delivered price for DOP was 10,600 yuan/ton today, consistent with morning expectations. Raw material octanol prices increased, prompting DOP traders to hold firm and sell. Some profit-taking transactions occurred at slightly lower prices. Since trading volume was high yesterday, transaction activity weakened today, with deals primarily driven by small-lot rigid demand.
The DOP capacity utilization rate remained at 44%. Regarding profits, prices for phthalic anhydride via the o-xylene route and East China octanol both rose, leading to higher DOP prices and a profit margin of 108 yuan/ton.
Intraday DOP market transactions slowed down, as most users replenished their inventories yesterday. Today, purchases were mainly driven by immediate needs. However, propylene prices remain at high levels, and octanol is expected to rise further. Therefore, DOP prices are projected to maintain a firm upward trend tomorrow.
Octanol Market: The transaction center for domestic octanol shifted upwards today. Propylene prices surged strongly, causing cost inversion for octanol producers, who gradually raised their quoted prices. Short-term bullish sentiment encouraged downstream buyers to purchase spot octanol actively. Sellers were reluctant to part with inventory at low prices, resulting in a slow decline in producer stockpiles.
Table 2: Domestic DOP Data Overview (Unit: 10k tons, Yuan/Ton)
| Indicator | Release Date | Previous Value | Expected Trend for Current Period |
|---|---|---|---|
| Weekly DOP Output | Thursday 16:00 PM | 2.11 | ↗ |
| Average Weekly DOP Capacity Utilization | Thursday 16:00 PM | 46% | ↗ |
| Average Weekly DOP Production Profit | Thursday 16:00 PM | 468 | ↗ |
Data Source: Chempricehub Information
Notes:
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