① Domestic DOTP market prices continued to rise today, with increases of RMB150–200/t.
② Today, domestic DOTP capacity utilization was 61%, with the overall operating rate at a moderate level.
Table 1 Domestic DOTP Price Summary (Unit: RMB/t)
| Market | Price Terms | Previous | Current | Change | Change (%) |
|---|---|---|---|---|---|
| Shandong | Ex-works | 10250 | 10400 | 150 | 1.46% |
| Zhejiang | Ex-works | 10350 | 10500 | 150 | 1.45% |
| Jiangsu | Delivered | 10450 | 10650 | 200 | 1.91% |
| North China | Ex-works | 10250 | 10450 | 200 | 1.95% |
| Guangdong | Delivered | 10550 | 10750 | 200 | 1.90% |
| Key Upstream | |||||
| Shandong octanol | Ex-works | 9300 | 9500 | 200 | 2.15% |
With Zhejiang as the benchmark, the DOTP quotation in the Zhejiang market closed at RMB10,500/t today, up RMB150/t from the previous working day, in line with morning expectations.
Domestic DOTP market prices continued to rise today, by RMB150–200/t. Feedstock octanol continued to rise, and cost pressure pushed DOTP suppliers to further raise quotes; however, buying interest at high prices became more cautious, new-order transactions slowed today, and the market saw a more pronounced stalemate and wait-and-see atmosphere.
Today, domestic DOTP capacity utilization was 61%, with the overall operating rate at a moderate level. On the profit side, feedstock octanol prices in East China rose, while the other feedstock, PTA, fell; DOTP prices in the Zhejiang market rose, expanding the theoretical profit margin of sample enterprises in Zhejiang. Today's theoretical profit was RMB324/t.
On the cost side, prices at core feedstock octanol plants consolidated at high levels; supply of the other feedstock, PTA, continued to increase, and expectations of a crude oil price decline were strong, so the spot market may come under downward pressure in the short term. Cost support for the DOTP market weakened; as buyers became cautious about chasing price increases and market transactions also slowed, DOTP price increases face pressure. The market is expected to consolidate at high levels for the time being.
Domestic octanol market prices continued to rise today. Because octanol prices rose sharply during the week, they are now at a year-to-date high. Downstream users showed moderate purchasing enthusiasm, and a strong wait-and-see atmosphere prevailed. Traders' profit-taking offers were slightly lower, spot inventories in the market were relatively low, and the overall market center remained high.
Table 2 Domestic DOTP Data Overview (Unit: 10,000 tonnes, RMB/t)
| Data | Release Date | Previous Data | Current Trend Forecast |
|---|---|---|---|
| DOTP weekly output | Thursday 16:00 | 39,500 tonnes | ↗ |
| DOTP weekly average capacity utilization | Thursday 16:00 | 60.95% | ↗ |
| DOTP weekly average profit | Thursday 16:00 | 311 | ↘ |
| Notes: 1. ↓↑ indicate large fluctuations, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicate narrow fluctuations, highlighting data with changes within 0–3%. |
Comments
0