1、 Price trend
According to the data monitoring of business agency, the price of plasticizer DOP fell in February, and the market of DOP was weak. As of February 29, the price of DOP in East China was 7233.33 yuan / ton, down 0.91% compared with 7300.00 yuan / ton at the beginning of the month, and down 13.20% compared with the same period last year.
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2、 Market analysis
According to the survey of data analysts, more than 80% of plasticizer enterprises started production in February, but affected by the epidemic situation, there were more low load operations, and the output was lower than that of previous years; however, affected by logistics, it was difficult for DOP to ship, the market was basically closed, the plasticizer market was priced or not, and DOP enterprises had serious inventory backlog.
In February, the operation of domestic phthalic anhydride plant was gradually restored, the spot supply of phthalic anhydride was normal, and the market price of phthalic anhydride fell sharply. On the DOP market negative, DOP fell under greater pressure.
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In February, the octanol market fell, and octanol enterprises started to recover. However, affected by the transportation, the octanol transaction was low, and it was difficult for manufacturers to ship. Octanol prices fell, DOP costs fell, on the DOP market negative. The downward pressure of DOP is high.
3、 Future forecast
According to Bai Jiaxin, data analyst of DOP of business agency, in February, the price of plasticizer DOP raw materials fell sharply, the cost of DOP fell, and the pressure of DOP fell was great; DOP enterprises gradually resumed construction, but the operating rate decreased compared with previous years, and the supply of DOP decreased compared with previous years, but the logistics and transportation limited enterprises had difficulty in shipping, and DOP enterprises had serious inventory overstock. For the future market, downstream enterprises gradually resume construction, and DOP demand slowly picks up, but in the short term, DOP prices are difficult to pick up in order to deal with inventory. In the short term, DOP market fluctuates and falls.
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