DOTP Market Remains Stagnant and Consolidated (September 15, 2026)

1. Today's Summary

① Domestic DOTP market prices fluctuated within a narrow range today, with some prices easing by 50 yuan/ton.

② The domestic DOTP capacity utilization rate stands at 59%, indicating that overall operating rates are currently at a moderate level.

2. Spot Market Overview

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

Taking the Zhejiang region as the benchmark, today’s DOTP offer price in the Zhejiang market closed at 10,650 yuan/ton, down 50 yuan/ton from the previous working day, weaker than morning expectations.

Today, mainstream domestic DOTP prices remained stable, with some narrowing to a lower range by approximately 50 yuan/ton. Feedstock PTA prices continued to rise, and DOTP producers maintained stable quoting intentions. However, demand performance was mediocre, limiting bullish support in the market. Holders seeking profits showed active willingness to accept orders, leading to more flexible negotiations and a slight downward shift in price centers in some regional markets.

3. Production Dynamics

Today, the domestic DOTP capacity utilization rate is at 59%, placing overall operations at a moderate level. Regarding profitability, feedstock octanol prices in East China remained stable, while another key feedstock, PTA, saw price increases. With DOTP prices falling in the Zhejiang market, theoretical profit margins for sample enterprises in the Zhejiang region have narrowed, recording a theoretical profit of 326 yuan/ton today.

4. Price Forecast

On the cost side, core feedstock octanol producer markets remain calm and steady; meanwhile, PTA prices are supported by firm crude oil costs, keeping the short-term spot market relatively strong. While the cost side provides certain support for the DOTP market, downstream buying sentiment remains quiet. Amidst the tug-of-war between costs and demand, DOTP prices face difficulty moving either up or down. The market is expected to consolidate at high levels tomorrow.

5. Feedstock Market

Today, negotiation centers in the domestic octanol market remained stale. New order transactions in the downstream plasticizer market slowed, with buyers cautious about purchasing high-priced spot octanol, leading to small-lot negotiations. Recent supply expectations for the octanol market have increased, with some factories actively shipping out products, resulting in spot market negotiations trending toward the lower end.

6. Data Calendar

Table 2: Domestic DOTP Data List (Unit: 10,000 tons, Yuan/ton)