The price of DOP rose in shock this week
| Azodicarbonamide (AC foaming Agent) |
According to the data monitoring of the Business Agency, as of February 24, the price of DOP was 9960 yuan/ton, up 0.40% from the price of 9920 yuan/ton on February 17. Cost pressure remains, and the DOP market rose slightly this week.
The price of raw material isooctanol fell first and then rose
According to the price monitoring of the Business Agency, as of February 24, the price of isooctanol was 9533.33 yuan/ton, up 0.35% from 9500 yuan/ton on February 17. Downstream demand is still weak. Downstream customers mostly replenish stocks on Monday and Tuesday. With the increase of replenishing stocks, the price of isooctanol stopped falling and rose. The price of isooctanol fluctuated and adjusted this week. The cost support of DOP raw materials still exists, and the power of DOP price rise still exists.
The market of raw material phthalic anhydride recovered
According to the price monitoring of the business agency, as of February 24, the price of ortho phthalic anhydride was 8325 yuan/ton, up 0.45% from the price of 8287.50 yuan/ton on February 17. The price of o-xylene rose, and the price of phthalic anhydride was strong. The price of phthalic anhydride rose slightly this week, while the upward momentum of DOP remained.
Aftermarket expectation
DOP data analysts of the Business Agency believe that the price of isooctanol, the raw material, rose slightly this week, while the price of phthalic anhydride remained high, and the cost of DOP rose; The demand side support is limited, and the downstream is more likely to follow the fall to cover the stock. The DOP is mixed, and there is still a downside risk in the short term. In the future, DOP cost shock and consolidation demand support is limited, and DOP price shock and consolidation are expected.
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