Morning Market Update for the DBP (Dibutyl Phthalate) Market

I. Key Focus Points

1. Downstream demand for DBP remains driven by essential needs, with cautious purchasing occurring only at lower price levels.
2. Raw material prices remain at high levels.
3. As of October 19: Geopolitical tensions in the Middle East and between Russia and Ukraine remain unstable; however, the U.S. has exempted certain sanctions against Russia, resulting in mixed movements in international crude oil prices. NYMEX crude oil futures (November contract) closed at $103.66/barrel, up $2.25/barrel, a week-on-week increase of +2.22%; ICE Brent crude oil futures (December contract) closed at $109.55/barrel, down $0.31/barrel, a week-on-week decrease of -0.28%. China INE crude oil futures (December 2026 contract) fell by 4.2 to 718.8 yuan/barrel during the day session and rose by 16.8 to 735.6 yuan/barrel during the night session.

II. Price Table

Comparison of Prices for DBP and Upstream Products

Unit: Yuan/ton

Data Source: Chempricehub Information

Notes:

1. DBP, naphthalene-based phthalic anhydride, and n-butanol all refer to national standard premium-grade products.
2. The prices listed are spot cash prices inclusive of tax, expressed in Yuan per ton.
3. All RMB prices in the table above represent ex-factory spot cash prices.
4. The "Previous Period" and "Current Period" prices are point-in-time prices from the two preceding working weeks before this week, not weekly averages.
5. The change rate represents the period-over-period percentage change.

III. Market Outlook

Yesterday, the domestic DBP market trended downward amid volatility. Market sentiment shifted towards a wait-and-see approach. Reports indicate that the market price of raw material n-butanol fluctuated downwards, leading to reduced costs and weakening support for DBP prices. Market supply is limited, while downstream buyers continue to purchase based on essential needs, primarily taking advantage of lower prices. Operators remain cautious, with general inquiry and transaction activity. It is expected that DBP prices will undergo volatile adjustments today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

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