DOP price trend
According to the data monitoring of business agency, in June, DOP prices first rose and then fell, DOP prices fluctuated and adjusted, so the DOP market was difficult to stabilize. As of June 30, DOP price was 13066.67 yuan / ton, up 4.64% from 12487.50 yuan / ton of DOP price on June 1, the beginning of June.
Analysis of the price trend of raw materials
From the trend chart of isooctanol price, in June, the price of isooctanol rose first and then fell, and the price of isooctanol rebounded and adjusted. The price of isooctanol rose 9.1% in June, the cost of DOP rose in June, and the power of DOP price rise increased, and the pressure of decline was weakened.
From the trend chart of phthalic anhydride price, it can be seen that in June, the price of phthalic anhydride first fell and then rose, while in June, the price of phthalic anhydride fell slightly, down 1.3%. The increasing downward pressure of DOP rising power still exists.
PVC market stop falling
According to the monitoring data of business society, the PVC market market fell first and then rose in June, and the price of PVC hit the bottom in June. During July 1, the construction and transportation were limited, the downstream customers increased their stock, the PVC price rebounded, the demand for DOP was general, the support for the rise of DOP was insufficient, and the pressure of the drop of DOP remained in the future.
Import and export data
In May 2021, DOP export volume was 3762.86 tons, up 172% year on year, and the accumulated export volume was 17321.49 tons, and the cumulative export volume increased by 193% year on year. In May 2021, DOP import volume was 1581 tons, a year-on-year decrease of 25%, and the cumulative import volume was 7962.98 tons, with the cumulative import volume increasing by 48% year-on-year. The export volume of DOP increased, the import volume decreased, and the demand for DOP increased.
Market overview and future market expectation
Bai Jiaxin, an analyst with DOP data from business agency, said that the DOP price in June followed the change due to the fluctuation of raw material prices, and the DOP market in June was difficult to stabilize. With the DOP entering the off-season in the later market, the number of DOP imports remains low, while the increase of export volume stimulates the demand of DOP to rise. With the coming of off-season, the export stimulus is weakened, and the support for the rise of the latter market is insufficient. In the aspect of commencement, in June, DOP manufacturers still maintained low load level, but in June, the theoretical profit of DOP recovered, the start-up of enterprises recovered slowly, and the output of DOP increased slightly. Generally speaking, under the support of the cost of DOP in the short term, there is still some pressure on the rise of DOP, and it is expected that the short-term fluctuation of DOP will rise slightly; In the long run, demand for DOP has declined, supply increases, and the pressure of DOP decline increases, and the driving force of rise is weakened. It is expected that the long-term market of DOP will fall and price fluctuation will fall.
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