Sinochem New Network News saw a slight increase in the domestic DOP market last week. Production companies raised the ex-factory prices one after another. Compared with before the holiday, prices rose by 100 to 150 yuan (t price, the same below). Last weekend, the DOP price in the East China market rose to 12700 to 12800 yuan, the North China market rose to 12500 to 12600 yuan, and the South China market rose to 13300 to 13300 yuan.
The main reason for the increase in DOP prices was the mild increase in the prices of phenol and octanol as the main raw materials. The domestic phenol production was under tight load due to the low load production of the domestic phenols. As a result, the market supply was tight, and the prices of phenols in the local markets were all raised by about 100 yuan. In addition, domestic manufacturers' octanol factory prices also reached 10,600 to 10,900 yuan at the end of the week, which was higher than before the holiday. This has a strong supportive effect on the higher prices of the DOP market. On the other hand, at present, both manufacturers and middlemen, DOP inventory is very low, and production is completely in a state of loss, the starting load of its installation is generally very low, the operating rate is basically less than 50%, an increase of market supply tension.
As the Spring Festival holiday is approaching, most downstream plastics processing companies will suspend production and leave. Therefore, during the period before and after the Spring Festival holiday, the DOP market is unlikely to continue to rise. It will focus on stable narrow-range consolidation.
The main reason for the increase in DOP prices was the mild increase in the prices of phenol and octanol as the main raw materials. The domestic phenol production was under tight load due to the low load production of the domestic phenols. As a result, the market supply was tight, and the prices of phenols in the local markets were all raised by about 100 yuan. In addition, domestic manufacturers' octanol factory prices also reached 10,600 to 10,900 yuan at the end of the week, which was higher than before the holiday. This has a strong supportive effect on the higher prices of the DOP market. On the other hand, at present, both manufacturers and middlemen, DOP inventory is very low, and production is completely in a state of loss, the starting load of its installation is generally very low, the operating rate is basically less than 50%, an increase of market supply tension.
As the Spring Festival holiday is approaching, most downstream plastics processing companies will suspend production and leave. Therefore, during the period before and after the Spring Festival holiday, the DOP market is unlikely to continue to rise. It will focus on stable narrow-range consolidation.
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