DOTP Market Remains Quiet with a Wait-and-See Attitude (September 16, 2026)

1. Today's Summary

① The domestic DOTP market remained quiet with a wait-and-see attitude today, while prices consolidated at high levels.

② Today's domestic DOTP capacity utilization rate stood at 59%, indicating that overall operating rates are at a moderate level.

2. Spot Market Overview

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

Based on the Zhejiang region as the benchmark, today's DOTP offer price in the Zhejiang market closed at 10,650 CNY/ton, remaining stable compared to the previous working day and consistent with morning expectations.

Today, the domestic DOTP market was quiet with participants adopting a wait-and-see approach, and mainstream prices remained steady. PTA raw material prices continued to rise, providing some cost support for DOTP. However, trading activity for the other raw material, octanol, was sluggish. Additionally, downstream buyers showed low acceptance of high DOTP prices, leading to cautious buying interest and poor new order transactions. With costs and demand balancing each other out, the market remained in a stalemate, consolidating sideways.

3. Production Dynamics

Today, the domestic DOTP capacity utilization rate was 59%, reflecting a moderate overall operating level. Regarding profitability, East China octanol prices softened, while PTA prices rose. With DOTP prices stable in the Zhejiang market, the theoretical profit margin for sample enterprises in Zhejiang narrowed, reaching 235 CNY/ton today.

4. Price Forecast

On the cost side, trading in the core raw material octanol market remains sluggish; although PTA costs provide some support, growing resistance from downstream limits further price increases. The DOTP market faces mixed cost factors, with enterprises currently enjoying ample profit margins. Coupled with poor new order transactions, upward pressure on DOTP prices is expected. Prices are forecast to maintain a narrow consolidation pattern tomorrow.

5. Raw Material Markets

Today, the domestic octanol market center fluctuated within a narrow range, with spot negotiations trending slightly downward. Major plant offers remained firm, supported by international crude oil and propylene prices, but buyer interest was lackluster. Industry inventories are currently at low levels, and traders are operating cautiously, resulting in a weak market trading atmosphere.

6. Data Calendar

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