① DOP market prices held firm with a slight upward trend.
② Domestic DOP capacity utilization stood at 59% today.
Table 1: Summary of Domestic DOP Prices (Unit: RMB/ton)
| Region | Price Basis | Previous Period | Current Period | Change | % Change |
|---|---|---|---|---|---|
| North China | Ex-works | 10,625 | 10,625 | 0 | 0.00% |
| Shandong | Ex-works | 10,650 | 10,675 | 25 | 0.23% |
| Jiangsu | Delivered | 10,800 | 10,850 | 50 | 0.46% |
| Zhejiang | Ex-works | 10,750 | 10,850 | 100 | 0.93% |
| South China | Delivered | 10,750 | 10,900 | 150 | 1.40% |
| Key Upstream - Isobutanol | |||||
| Shandong | Ex-works | 9,600 | 9,600 | 0 | 0.00% |
Data Source: Chempricehub Information
Taking the Jiangsu region as the benchmark, the mainstream delivered price for DOP was 10,850 RMB/ton today, aligning with morning expectations. Although the feedstock isobutanol remained stable with smooth trading, the DOP market was supported by improved buying interest from yesterday. Low-priced offers decreased, but high-priced transactions lacked follow-through. New order inquiries declined slightly, downstream procurement became more cautious, and overall trading activity was moderate.
DOP capacity utilization was at the 59% level. Regarding profitability, phthalic anhydride prices produced via the ortho-xylene process remained stable, while isobutanol prices in East China rose. With DOP prices also increasing, the profit margin stood at -46 RMB/ton.
Intraday trading volume in the DOP market slowed down, with end-users showing caution at higher price levels. However, the feedstock isobutanol market saw robust trading, providing cost support for DOP. The DOP market is expected to maintain its high-level trajectory tomorrow.
Isobutanol Market: The domestic isobutanol market remained firm today. Cost pressures on the product eased, and mainstream producers maintained stable quotes. Inquiry sentiment regarding essential demand improved compared to yesterday, and downstream plasticizer users showed decent purchasing interest for spot isobutanol. Supply tightened recently, leaving little room for negotiation in the market.
Table 2: Domestic DOP Data Overview (Unit: 10k tons, RMB/ton)
| Indicator | Release Time | Previous Value | Trend Forecast |
|---|---|---|---|
| DOP Weekly Output | Thursday 16:00 PM | 2.3 | ↗ |
| DOP Average Weekly Capacity Utilization | Thursday 16:00 PM | 50% | ↗ |
| DOP Average Weekly Production Profit | Thursday 16:00 PM | 316 | ↘ |
Data Source: Chempricehub Information
Notes:
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