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1. Daily Summary

① Today, domestic DOTP market prices remained stagnant and consolidated. In some regions, the price center softened, with declines ranging from 100 to 150 CNY/ton.

② Today's domestic DOTP capacity utilization rate was 60%, indicating that overall operating rates are at a moderate level.

2. Spot Market Overview

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

Using the Zhejiang region as the benchmark, today's DOTP offer price in the Zhejiang market closed at 11,300 CNY/ton, remaining stable compared to the previous trading day, consistent with morning expectations.

Today, domestic DOTP market prices fluctuated within a narrow range, with the price center softening in some areas by 50–100 CNY/ton. The sharp overnight drop in crude oil prices affected market sentiment, weakening cost support. Buyers became more cautious, leading to sluggish new orders for DOTP and causing the price center to soften in some cases.

3. Production Dynamics

Today, the domestic DOTP capacity utilization rate stood at 60%, reflecting moderate operating levels. Regarding profitability, the East China price of raw material isobutanol remained stable, while PTA prices declined. Since DOTP prices in the Zhejiang market held steady, theoretical profit margins for sample enterprises in Zhejiang increased, reaching 524 CNY/ton today.

4. Price Forecast

On the cost side, transactions for core raw material isobutanol have slowed, keeping prices temporarily stable; another key raw material, PTA, is consolidating amid volatility. Cost support for the DOTP market is insufficient, and market sentiment remains weak, resulting in poor new order execution. However, geopolitical situations remain fluid, lacking clear directional guidance. Therefore, the DOTP market is expected to continue consolidating in a stalemate tomorrow. Traders should be alert to rapid shifts in market sentiment driven by changes in crude oil prices.

5. Raw Material Market

Today, the domestic isobutanol market center remained stagnant. Yesterday's significant drop in international crude oil closing prices dampened buying enthusiasm, increasing wait-and-see attitudes among downstream users. Supply in the East China market remains tight, supported by rigid demand from local downstream buyers, resulting in a calm trading atmosphere.

6. Data Calendar

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