DOTP Market Price Increase (20260908)

1. Today's Highlights

① Today, domestic DOTP market prices continued to rise, with increases of RMB 50–250/ton.

② Today, domestic DOTP capacity utilization was 60%, with overall operating rates at a medium level.

2. Spot Market Overview

Table 1 — Summary of Domestic DOTP Prices (Unit: RMB/ton)

Taking the Zhejiang market as the benchmark, DOTP offers in the Zhejiang market closed at RMB 10,000/ton today, up RMB 50/ton from the previous working day, in line with morning expectations.

Today, domestic DOTP market prices continued to rise, up RMB 50–250/ton. The situation in the Middle East remains tense, keeping oil prices on a strong footing and fueling a broadly bullish sentiment. This prompted DOTP sellers to probe higher offers. With buyers chasing the upward trend, purchasing desks moderately replenished stocks at low prices, and low-priced transactions concluded smoothly. Sellers controlled sales volumes and were reluctant to release goods; some offers moved up further in the afternoon, while certain sellers suspended quoting and adopted a wait-and-see stance.

3. Production Update

Today, domestic DOTP capacity utilization stands at 60%, with overall operating rates at a medium level. In terms of profitability, the feedstock 2-ethylhexanol (2-EH) price held stable in East China, while the other feedstock, PTA, rose in price. As DOTP prices increased in the Zhejiang market, the theoretical profit margin of sample plants in the Zhejiang region narrowed, with theoretical profit of RMB 316/ton for today.

4. Price Forecast

On the cost side, ex-plant prices for the core feedstock 2-ethylhexanol are expected to remain firm, while the other feedstock, PTA, has solid cost support and is expected to trend stronger. Supported by favorable cost-side fundamentals and today's smooth low-priced transactions, DOTP market prices are expected to hold firm and move upward tomorrow.

5. Raw Material Market

Today, the domestic 2-ethylhexanol market traded with firm fundamentals. International crude oil and feedstock propylene prices rose substantially, improving the atmosphere for new-order transactions in the 2-ethylhexanol market. Spot transaction prices edged up slightly, while downstream users mostly maintained need-based procurement. Spot supply remains persistently tight.

6. Data Calendar

Table 2 — Domestic DOTP Data Overview (Units: 10,000 tons, RMB/ton)