On October 19, DOP prices were weak and stabilized
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According to the data monitoring of the business agency, the DOP price fell on October 19, and the rise of the DOP market slowed down. As of October 19, the DOP price was 12950.00 yuan / ton, down 1.71% from 13175.00 yuan / ton on October 18 of the previous trading day; Compared with the DOP price of 14650.00 yuan / ton on October 12, a decrease of 11.60%. On the 19th, DOP prices continued to decline, but the decline slowed down and the DOP market stabilized.
Raw material prices stabilize
According to the price monitoring of business society, the price of raw material phthalic anhydride rose in October, the price of phthalic anhydride continued to rise on the 19th, and the cost of DOP rose; After October 13, the price of isooctanol fell, and on October 19, the price of isooctanol continued to decline, but on October 19, the price of isooctanol decreased by 2.3%, the decline of isooctanol slowed down, and the cost of DOP decreased; The overall DOP market is stabilizing.
Future expectations
Bai Jiaxin, a DOP data analyst at business news agency, believes that the price of isooctanol fell. On the 19th, the decline of isooctanol slowed down, the price of phthalic anhydride rose, the driving force of DOP rise still exists, the cost of DOP remains high, and the space for DOP decline is limited; The decline of downstream PVC market slowed down, DOP demand stabilized, and the downward pressure of DOP weakened. Overall, the downward pressure on DOP weakened, the upward momentum remained, and the future DOP market was weak and stabilized.
| PVA |