On January 5th, the commodity price ratio index between isooctanol and DOP on Business Society was 110.80, a decrease of 0.89 points compared to the previous day. It fell by 24.98% from the cycle high of 147.70 points (February 7, 2022) and rose by 20.78% from the cycle low of 91.74 points (November 3, 2015). (Note: The cycle refers to the period from January 1, 2012, to the present.) Isooctanol prices have shown a strong upward trend, while DOP prices have also risen, with reduced downward pressure and increased upward momentum for DOP.
On January 5th, the commodity price ratio index between phthalic anhydride and DOP on Business Society was 88.51, a decrease of 0.5 points compared to the previous day. It fell by 21.76% from the cycle high of 113.13 points (October 16, 2022) and rose by 95.95% from the cycle low of 45.17 points (July 27, 2021). (Note: The cycle refers to the period from January 1, 2012, to the present.) Phthalic anhydride prices have rebounded and risen, while DOP prices have shown a strong upward trend, with increased upward momentum and reduced downward pressure for DOP.
On January 6th, the DOP market in Jiangsu Province showed a strong and stable trend, with quotations at 7,400 yuan per ton. In Shandong Province, the DOP market also exhibited a strong and stable trend, with quotations at 7,250 yuan per ton. In Zhejiang Province, the DOP market remained strong and stable, with quotations at 7,500 yuan per ton.
On January 6th, the price of phthalic anhydride, a raw material for DOP, fluctuated and rose, while isooctanol prices also showed an upward trend. The cost of DOP raw materials increased significantly. DOP production capacity utilization improved, but downstream demand remained moderate, with customers primarily purchasing based on immediate needs. The willingness to purchase among downstream customers was average, and transaction prices were determined through negotiation. DOP quotations ranged from 7,250 to 7,500 yuan per ton, showing a strong and stable trend. Actual transaction prices increased, with bullish factors strengthening and bearish factors weakening for DOP. The DOP market exhibited a strong consolidation trend.
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