The price of plasticizer DBP rose in shock in January
According to the data monitoring of SunSirs, as of January 31, the DBP price was 9,775 RMB/ton, up 2.18% from the price of 9,566.67 RMB/ton on January 1. Stock before the holiday, stock after the holiday, raw material prices rose, demand picked up, and DBP prices rose in January.
DBP raw material price fluctuated and adjusted in January
According to the price monitoring of SunSirs, as of January 31, the price of phthalic anhydride was 8,225 RMB/ton, up 2.02% from the price of 8,062.50 RMB/ton on January 1. Stock before the holiday, the price of phthalic anhydride stopped falling, and stock after the holiday, the price of phthalic anhydride rose in shock, the cost of DBP rose, and the upward force of DBP rose.
According to the price monitoring of SunSirs, as of January 31, the price of n-butanol was 7,933.33 RMB/ton, down 2.86% from the price of 8,166.67 RMB/ton of n-butanol on January 1. Stock before the festival, the n-butanol merchants were willing to support high prices. After the holiday, the operation rate of n-butanol enterprises increased, the supply of n-butanol increased, the demand warmed, the price of n-butanol fell, the DBP cost fell, and the downward pressure on the future DBP increased.
Market outlook
According to DBP data analysts of SunSirs, the price of raw material phthalic anhydride rose in shock in January, while the price of n-butanol fell in shock in January, and the cost of DBP raw materials stabilized. The cost of DBP had stabilized, the operating rate of enterprises had recovered after the holiday, the supply of plasticizer DBP had increased, and the demand had increased. In the future, the cost and demand of plasticizer DBP will stabilize, and the price of DBP is expected to stabilize strongly.
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