The DOTP market remains in a sideways trend with a wait-and-see attitude, while transactions are primarily driven by rigid demand at low prices.

1. Daily Summary

① Today, the mainstream domestic DOTP market price remained stable, with transactions primarily driven by low-price rigid demand.
② Today’s domestic DOTP capacity utilization rate was 56%, indicating an overall operating level that is moderately low.

2. Spot Market Overview

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

Based on the Zhejiang region, today’s DOTP offer price in the Zhejiang market closed at 10,600 CNY/ton, remaining stable compared to the previous trading day, consistent with morning expectations.

Today, the mainstream domestic DOTP market price remained generally stable, with narrow fluctuations observed in some regions. The price of the raw material isobutanol continued to rise, providing certain cost-side support. However, buyers remained cautious, with transactions mainly focused on low-price rigid demand. Consequently, upward momentum for DOTP prices was insufficient. Traders maintained steady quotes, and the market atmosphere was characterized by stalemate and wait-and-see attitudes.

3. Production Dynamics

Today, the domestic DOTP capacity utilization rate stood at 56%, reflecting a moderately low overall operating level. Regarding profitability, the price of isobutanol rose in East China, while the price of another key raw material, PTA, declined. With DOTP prices in the Zhejiang market remaining stable, the theoretical profit margin for sample enterprises in the Zhejiang region narrowed slightly. Today’s theoretical profit was 291 CNY/ton.

4. Price Forecast

On the cost side, the core raw material isobutanol is expected to maintain firm pricing. Conversely, demand for PTA remains weak, resulting in insufficient cost support and expectations of weak fluctuating prices. The DOTP market faces mixed positive and negative factors on the cost side. Demand shows no signs of improvement, market participants remain cautious, and transactions are dominated by rigid demand. Lacking clear directional guidance, prices are expected to maintain sideways consolidation in the near term.

5. Raw Material Market

Today, the transaction center of gravity in the domestic isobutanol market continued to rise. Spot inventory levels at major plants have decreased, relieving current sales pressure for manufacturers. Supply in the isobutanol market is expected to tighten in the mid-to-late month, while demand gradually recovers, alleviating supply-demand contradictions during this period. Manufacturers’ spot offers remain firm, and transaction prices are gradually following suit.

6. Data Calendar

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