Cost Increase, DOP Prices Soar

March 2nd News

Plasticizer DOP prices have significantly increased in China

According to the commodity market analysis system, as of March 2, the DOP price was 7800.84 CNY/ton, an increase of 1.30% from the DOP price of 7700.84 CNY/ton on March 1. The operating load of DOP plasticizer enterprises in China has decreased, with an operating rate of around 57-60%, leading to a decrease in DOP production. Due to the influence of geopolitical factors in the Middle East, on March 2, the prices of 2-ethylhexanol and phthalic anhydride rebounded and increased. The rise in raw material prices led to an increase in DOP costs, causing the DOP plasticizer price to fluctuate and rise.

Raw material 2-ethylhexanol prices rebound and rise in China

According to the commodity market analysis system, as of March 2nd, the price of 2-ethylhexanol was 6833.33 CNY/ton, an increase of 2.50% from the price of 6666.67 CNY/ton on March 1st. The operating rates of 2-ethylhexanol enterprises in China are high, with the load of production facilities maintained at around 95%, ensuring ample supply. Due to the influence of geopolitical factors in the Middle East, the price of 2-ethylhexanol rebounded and increased on March 2nd, leading to a rise in the cost of plasticizers, which has further supported the increase in DOP prices.

Phthalic anhydride market rebounds and rises in China

According to the commodity market analysis system, as of March 2nd, the price of ortho-phthalic anhydride in China was 6383.33 CNY/ton, which is a 3.79% increase from the price of 6150 CNY/ton on March 1st; and a 2.24% increase from the price of 6243.33 CNY/ton on February 1st. Due to the influence of geopolitical factors in the Middle East, crude oil prices have surged, leading to an increase in the price of raw materials such as ortho-xylene, thus increasing the cost of phthalic anhydride. The rebound in the price of phthalic anhydride has led to an increase in the cost of plasticizers, further supporting the rise in plasticizer prices.

Future Market Expectation

Plasticizer product data analysts believe that due to geopolitical factors in the Middle East, the price of 2-ethylhexanol has significantly increased, and the price of phthalic anhydride has rebounded. This has led to an increase in the cost of plasticizer DOP. Looking ahead, with rising costs and weak supply and demand, it is expected that the price of plasticizer DOP in China will fluctuate and rise.