The DOP market is stable, and raw material costs are stabilizing

Quick summary
On April 9th, the DOP market remained stable, with a quote of 9800 yuan/ton in Jiangsu. On April 9th, the overall DOP market trend stabilized, with a quote of 9800 yuan/ton in Jiangsu, 9600 yuan/ton in Shandong, and 10000 yuan/ton in Zhejiang. The price ratio index of iso octanol to DOP decreased to 114.73 points, while the price ratio index of phthalic anhydride to DOP slightly increased to 85.39 points. The cost of DOP raw materials is stabilizing, the production of enterprises is stable, and the downstream market is mainly in demand. The transaction price is subject to negotiation. There are positive factors in the market, while negative factors weaken.
Quick message body
On April 9th, the domestic DOP market stabilized. On April 8th, the price ratio index of isooctanol to DOP commodities dropped to 114.73 points, a decrease of 0.45 points from the previous day. Compared to the highest point of 147.70 points during the cycle, it decreased by 22.32%, while compared to the lowest point of 91.74 points on November 3, 2015, it increased by 25.06%. During this period, the price of isooctanol fluctuated and increased, while the price of DOP also showed a fluctuating upward trend. The downward pressure on DOP oil was alleviated, and the upward momentum was enhanced. On the same day, the price ratio index of phthalic anhydride to DOP commodities slightly increased to 85.39 points, an increase of 0.01 points from the previous day. Compared to the highest point of 113.13 points during the cycle, it decreased by 24.52%, while compared to the lowest point of 45.17 points on July 27, 2021, it increased by 89.04%. In this context, the price of phthalic anhydride fluctuates and rises, while the price of DOP also maintains a fluctuating upward trend. The upward momentum of DOP oil is enhanced, and the downward pressure has eased. On April 9th, the DOP market in Jiangsu remained stable, with a quotation of 9800 yuan/ton. The DOP plasticizer market in Shandong region is also showing a stable trend, with a quotation of 9600 yuan/ton; The price of DOP plasticizers in Zhejiang region is also stable, with a quotation of 10000 yuan/ton. On April 9th, the market for plasticizer DOP raw material phthalic anhydride fluctuated and stabilized, while the price of isooctanol fluctuated and stabilized. The cost of DOP raw materials is stabilizing, and the production of enterprises remains stable. The downstream market trend is also stabilizing, with downstream demand being the main focus and customers having a moderate willingness to purchase at lower prices. The transaction price is subject to negotiation, and the quotation for plasticizer DOP is between 9600-10000 yuan/ton. The quotation is temporarily stable, and the actual transaction price is also stabilizing. The positive factors in the DOP market still exist, while the negative factors weaken and the overall market trend stabilizes.