The price of plasticizer DOTP rose first and then fell in May
| POLYVINYL ALCOHOL |
According to the Commodity Market Analysis System of the Business Society, as of May 29th, the price of DOTP was 9851 yuan/ton, a decrease of 8.45% compared to the price of 10760 yuan/ton on May 7th; The price has increased by 0.41% compared to 9811 yuan/ton on May 1st. Insufficient support for the rise of raw materials, the price of plasticizer DOTP rose first and then fell in May.
The price of isooctanol rose first and then fell in May
According to the Commodity Market Analysis System of the Business Society, during the May Day holiday, the sudden shutdown of isooctanol devices drove up the price of isooctanol rapidly. On May 8th, the price of isooctanol was 10183.33 yuan/ton, a sharp increase of 11.90% compared to 9100 yuan/ton on May 1st; DOTP production enterprises have octanol contracts to be executed, and there is also an appropriate amount of pre holiday stock of raw materials. Therefore, in the face of a sharp rise in the market, downstream customers have a low intention to buy at a high level, and there are gradually news of production stoppages. Insufficient demand has led to a rapid decline in the price of isooctanol. On May 12, the price of isooctanol was 9566.67 yuan/ton, a decrease of 6.06% compared to May 8, when the price of isooctanol was 10183.33 yuan/ton; Afterwards, the supply and demand of isooctanol were relatively balanced, and the price of isooctanol stabilized at a high level. As of May 29, the price of isooctanol was 9460 yuan/ton, an increase of 3.96% compared to 9100 yuan/ton on May 1. In May, the price of isooctanol fluctuated and consolidated, but the current price is still difficult to attract the buying sentiment of end users, resulting in weak market transactions. The support for the increase in plasticizer product costs is weakened, and the price of plasticizer DOTP fluctuated and fell.
PTA prices fluctuated and fell in May
According to the Commodity Market Analysis System of the Business Society, PTA prices fluctuated and fell in May; As of May 29th, the PTA price was 5614.55 yuan/ton, a decrease of 9.15% compared to the PTA price of 6180 yuan/ton on May 1st. Crude oil prices fluctuate and fall, naphtha prices fluctuate and fall, PTA raw material costs decrease, and PTA prices fluctuate and fall.
Downstream PVC prices fluctuate and fall
According to the Commodity Market Analysis System of the Business Society, PVC prices fluctuated and fell in May, resulting in weak downstream demand; As of May 29th, the price of PVC was 5530 yuan/ton, a decrease of 6.67% compared to the price of PVC on May 1st, which was 5925 yuan/ton. The economy is weak, PVC demand is weak, PVC prices are fluctuating and falling, and there is insufficient demand for plasticizers.
Future expectations
Analysts from Business Society’s plasticizer product data believe that in May, the price of isooctanol first rose and then fell, PTA prices fluctuated and fell, plasticizer product raw material prices fell, and DOTP costs decreased; PVC prices have fallen, and demand for plasticizer DOTP is weak. Overall, the supply of isooctanol has basically returned to normal, with insufficient support for the increase in raw material costs of plasticizer DOTP. The demand for plasticizers remains weak, and it is expected that plasticizer prices will decline weakly in the future.
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