The DOTP market is maintaining a firm trend.

1. Today's Summary

① The domestic DOTP market remained largely stable today, with some prices rising in the afternoon.
② Today’s domestic DOTP capacity utilization rate stood at 60%, indicating a moderate overall operating level.

2. Spot Market Overview

Table 1: Domestic DOTP Price Summary (Unit: RMB/ton)

Based on the Zhejiang region, the closing offer price for DOTP in the Zhejiang market was 10,950 RMB/ton today, an increase of 50 RMB/ton compared to the previous business day, consistent with morning expectations.

The domestic DOTP market remained generally stable today, with some prices rising in the afternoon. Prices for raw materials isobutanol and PTA both increased, continuing to provide cost-side support for DOTP. Additionally, downstream rigid demand persists, while spot supply within the market remains tight. Most factories are experiencing queues for shipment, leading traders to primarily adopt price-supporting strategies.

3. Production Dynamics

Today’s domestic DOTP capacity utilization rate was 60%, reflecting a moderate operating level. Regarding profitability, the price of isobutanol in East China rose, while PTA prices dipped slightly. Since DOTP prices in the Zhejiang market increased, the theoretical profit margin for sample enterprises in Zhejiang rose slightly, reaching a theoretical profit of 333 RMB/ton today.

4. Price Forecast

On the cost side, core raw material isobutanol prices are expected to remain firm. Cost support from the other raw material, PTA, remains present, with the short-term spot market likely maintaining a fluctuating pattern. Cost factors continue to be favorable for the DOTP market, and tight spot supply also supports market prices. Therefore, the DOTP market is predicted to trend stable to slightly stronger tomorrow.

5. Raw Material Markets

Today, prices for raw materials isobutanol and phthalic anhydride continued to rise. Traders in the DOP market saw improved sales volumes; in the afternoon, prices in the Shandong region were notably boosted, driving better buying activity in East China. Downstream end-users gradually replenished stocks based on rigid demand, improving the overall trading atmosphere.

6. Data Calendar

Table 2: Domestic DOTP Data Overview (Unit: 10,000 tons, RMB/ton)