Prompt

1. Key Market Highlights for the Month

1. The average price of domestic n-butanol in Shandong was 8,263 yuan/ton in October, a month-on-month decrease of 1.95%.
2. The average price of phthalic anhydride (PA) produced via the naphthalene method in Hebei was 9,403 yuan/ton in October, a month-on-month increase of 4.23%.
3. The monthly average operating load of DBP units was 37.45%, a month-on-month decrease of 6.67 percentage points.

2. Monthly Market Analysis

Data Source: Chempricehub Information

Monthly Price Change Table for Domestic DBP Markets
Unit: Yuan/Ton

Data Source: Chempricehub Information

In October, domestic DBP market prices fluctuated upward. It is reported that the sustained rise in DBP prices was primarily driven by cost support. The phthalic anhydride (PA) market saw consecutive price increases due to rising costs and tight supply. Although the n-butanol market experienced weak fluctuations, it remained stable at high levels. Consequently, DBP production costs stayed elevated, with increasing pressure from high costs strengthening price support. Meanwhile, downstream performance was not optimistic. As the downstream sector slowly entered its off-season, demand remained limited to essential needs, and resistance to high-priced DBP increased. Market inquiries and transactions were generally moderate.

2. Analysis of Influencing Factors

1. The monthly average operating load of domestic DBP units was 37.45% this month, a month-on-month decrease of 6.67 percentage points.
2. Prices of both raw materials rose strongly, strengthening cost support.
3. The average profit margin for DBP was 588 yuan/ton this month, an increase of 524 yuan/ton compared to September.

3. Future Market Outlook

Currently, raw material prices remain firm, keeping DBP production costs high and maintaining strong price support. Additionally, the overall operating rate of domestic DBP facilities is low-to-medium, resulting in limited spot supply, which further supports prices staying at high levels. However, as the downstream sector is in its off-season, demand remains restricted to essential needs, leading to a generally quiet trading atmosphere. Therefore, DBP market prices are expected to fluctuate and adjust in the near term.