Morning Market Brief for the DBP (Dibutyl Phthalate) Market

I. Key Points

1. Downstream DBP buyers remain cautious in procurement.
2. Feedstock prices show mixed movements, resulting in weak cost support.
3. On September 29: Mediators including Qatar continued to promote US-Iran peace talks. Combined with the recovery of Saudi crude oil supply, international oil prices declined. NYMEX WTI Crude Oil Futures (November contract) fell by USD 3.22/bbl to USD 89.38/bbl, a week-on-week change of -3.48%; ICE Brent Crude Oil Futures (November contract) dropped by USD 2.69/bbl to USD 102.59/bbl, a week-on-week change of -2.56%. China INE Crude Oil Futures (Contract 2611) decreased by CNY 17.2 to CNY 716.9/bbl; during the night session, it fell further by CNY 11.7 to CNY 705.2/bbl.

II. Price Table

DBP and Upstream Product Price Comparison

Unit: CNY/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based phthalic anhydride, and n-butanol are all National Standard Premium Grade products.
2. Prices listed are spot cash inclusive of tax, in CNY/ton.
3. All RMB prices in the table above are factory gate spot cash prices.
4. The "Previous Period" and "Current Period" prices represent snapshot prices from the two working weeks preceding this week, not weekly averages.
5. The change rate refers to the period-over-period percentage change.

III. Market Outlook

Yesterday, domestic DBP market prices fluctuated within a narrow range. With the holiday approaching, downstream operators adopted a cautious stance, and wait-and-see sentiment increased. Procurement was primarily driven by rigid demand at lower price levels. Although phthalic anhydride market prices continued to rise, providing stronger cost support, the soft and gradually declining n-butanol market had limited impact. Today, DBP market prices are expected to continue fluctuating within a narrow range.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. →↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.