Rigid-demand transactions in the DOP market

1. Today's Summary

① DOP market prices remained stable.
② Domestic DOP capacity utilization stood at 47% today.

2. Spot Market Overview

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

Data Source: Chempricehub Information

Based on the Jiangsu region, the mainstream DOP price was 10,850 CNY/ton delivered today, consistent with morning expectations. Raw material octanol and phthalic anhydride prices rose, while DOP traders maintained stable pricing for shipments. Some profit-taking sales occurred at slightly lower prices. With the start of the week, a wait-and-see sentiment persisted in the market. End-users continued to purchase based on rigid demand, resulting in overall moderate market activity.

3. Production Dynamics

DOP capacity utilization remained at 47%. Regarding profits, prices for ortho-process phthalic anhydride and East China octanol increased, while DOP prices stabilized, leaving a profit margin of 142 CNY/ton.

4. Price Forecast

Intraday DOP transaction volume weakened as end-users maintained purchases based on rigid demand. However, octanol and phthalic anhydride markets still show upward potential, providing cost support for DOP. Therefore, DOP market prices are expected to maintain a high-level trend tomorrow.

5. Related Products Status

Octanol Market: Today, the domestic octanol market saw higher transaction centers. As octanol prices gradually increased, buyers became more cautious about purchasing raw materials at high prices, though rigid demand remained decent. The industry faces inverted costs, leading to reduced operating rates, with further supply contraction expected this month. Manufacturer quotes remain firm. Currently, the price gap between East China and Shandong has widened, while downstream users continue to replenish stocks based on rigid demand.

6. Data Calendar

Table 2: Domestic DOP Data Overview (Unit: 10k tons, CNY/ton)

Note: ↗ indicates an upward trend; ↓ indicates a downward trend.