DOTP market prices decline, with localized transaction activity improving.

1. Today’s Summary

① Domestic DOTP market prices declined today, with a drop of 100–150 RMB/ton.
② The domestic DOTP capacity utilization rate stands at 60%, indicating moderate overall operating rates.

2. Spot Market Overview

Table 1: Domestic DOTP Price Summary (Unit: RMB/ton)

Based on the Zhejiang region, the closing quote for DOTP in the Zhejiang market was 11,100 RMB/ton today, down 100 RMB/ton from the previous business day, consistent with morning expectations.

Domestic DOTP prices fell today by 100–150 RMB/ton. The morning market atmosphere was quiet, with DOTP merchants offering modest discounts to stimulate sales. In the afternoon, rising upstream propylene prices boosted market sentiment. Additionally, approaching the weekend, traders covered short positions and downstream users made phased restocking purchases, leading to slightly improved low-price transactions in regions such as Shandong and East China.

3. Production Dynamics

The domestic DOTP capacity utilization rate is currently 60%, reflecting a moderate operating level. Regarding profitability, raw material isobutanol prices in East China declined, while PTA prices also dropped. With DOTP prices in the Zhejiang market remaining stable, theoretical profit margins for sample enterprises in the Zhejiang region increased, reaching 628 RMB/ton today.

4. Price Forecast

On the cost side, core raw material isobutanol has shifted back from profit to loss, creating significant cost pressure that supports lower market prices. Another key raw material, PTA, faces numerous external uncertainties, keeping the short-term spot market in a fluctuating pattern. DOTP costs retain certain support levels. Combined with the slight improvement in low-price transactions today, DOTP merchants are expected to maintain a wait-and-see approach initially. Prices are forecast to consolidate at high levels early next week. Be cautious of rapid shifts in market sentiment driven by crude oil fluctuations.

5. Raw Material Markets

The domestic isobutanol market center of gravity moved lower today. Some intermediaries offered slightly lower selling prices, resulting in average new order transactions for factories. Propylene prices surged significantly, pushing isobutanol production costs higher again. Producers’ quotes remained elevated but difficult to transact. Supply is gradually increasing, with market participants focusing primarily on shipment.

6. Data Calendar

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