DOP price reaches its peak again

According to the data monitoring of business news agency, DOP prices in July changed from the downward trend in late June, DOP prices rose sharply, and DOP market went on the “roller coaster” again. As of July 19, the DOP price was 14412.50 yuan / ton, up 8.36% from 13300.00 yuan / ton on July 1. On July 19, the DOP commodity index was 103.99, up 3.52 points from yesterday, a record high in the cycle, up 152.83% from the lowest point of 41.13 on April 7, 2020（ Note: period refers to the period from September 1, 2011 to now). DOP prices hit the peak again, DOP market rose strongly.

Raw material prices rise again

It can be seen from the price trend chart of ISO octanol that the market of ISO octanol in July failed to continue the downward trend in late June, the market of ISO octanol rebounded and rose sharply in July, the price of ISO octanol rose by 11% in July, the cost of DOP rose sharply in July, the profit of DOP decreased, and the rising power of DOP increased in the future. According to the monitoring of business news agency, the commodity index of ISO octanol on July 19 was 126.72, up 8.09 points from yesterday, a record high in the cycle, up 260.51% from the lowest point of 35.15 on February 1, 2016（ Note: period refers to the period from September 1, 2011 to now). The price of isooctanol set a record, which stimulated the price of DOP to rise sharply.

As can be seen from the price trend chart of phthalic anhydride, the market of phthalic anhydride continued to fluctuate and rise in late June. The price of phthalic anhydride rose all the way in July, up 1.4%, and the momentum of DOP increased.

Market summary and future expectation

Bai Jiaxin, DOP data analyst of business news agency, believes that the DOP price of plasticizer and the price of raw material isooctanol both set historical records in the cycle, and the rising price of raw material stimulates the market of plasticizer all the way up. As the price of plasticizer continues to rise, the rebound of cost pressure of downstream customers increases, the rising power of plasticizer in the future weakens, and the downward pressure increases. In terms of raw materials, the short-term price of isooctanol is expected to stabilize with the recovery of operating rate, and the support of raw materials to the rise of DOP is weakened. Generally speaking, DOP’s rising trend slowed down in the future, DOP’s price rose slightly in the short term, and DOP’s price peaked and fell in the long term. 15000 yuan / ton is expected to be a ceiling of DOP.