The market price center of gravity for DBP has shifted downward.

1. Daily Summary

① Today, domestic DBP prices in Henan and Hebei decreased by 50 CNY/ton, while prices in other regions remained stable.

② Today's domestic DBP operating rate was 39%.

2. Spot Market Overview

Table 1: Domestic DBP Industry Chain Price Summary (Unit: CNY/ton)

Based on the Henan region, today's DBP closed at 10,350–10,400 CNY/ton, aligning with morning expectations. The domestic DBP market price trended weakly downward, with increased wait-and-see sentiment. High-end quotes declined as raw material n-butanol prices fell, reducing DBP production costs. With low operating rates limiting supply, downstream buyers maintained rigid demand and purchased opportunistically at lower prices. Overall market operations were cautious, keeping the price center near the lower end.

3. Production Dynamics

Today's domestic DBP capacity utilization rate stood at 39%. The current profit margin for DBP is approximately 772 CNY/ton.

4. Price Forecast

Currently, the raw materials market is trending downward amid volatility, easing cost pressures and weakening support levels. Limited supply combined with cautious downstream operations and low purchasing intent suggests that the DBP market is expected to continue its downward trajectory through volatility.

5. Related Products Status

DOP Market: Today, raw material 2-EH (2-ethylhexanol) prices rose, leading the DOP market to remain stable with supportive pricing. Morning transactions mostly held steady prices. Driven by rising DOTP prices, low-price DOP transactions improved moderately. Downstream end-users and traders made necessary replenishments based on rigid demand, supporting a slight price increase in the afternoon, although follow-up buying at higher prices slowed down.

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