Price trend
According to the data monitoring of SunSirs, the price of DBP rose sharply this week. As of September 19, the price of DBP was 9,533.33 RMB/ton, an increase of 4.00% from the price of 9,166.67 RMB/ton on September 12 at the beginning of the week. Costs rose, the drive for plasticizers to rise increased, and DBP prices rose.
On September 19, the DBP commodity index was 75.07, an increase of 0.27 points from the previous day, a decrease of 32.06% from the highest point in the cycle of 110.50 points (2021-10-12), and an increase of 10.85% from the lowest point of 67.72 points on August 16, 2022. (Note: The cycle refers to 2021-09-01 to the present).
The price of DBP raw materials fluctuated up
According to the price monitoring of SunSirs, the price of n-butanol rose volatile this week. On September 19, the price of n-butanol was 7,200 RMB/ton, an increase of 8.00% from 6,666.67 RMB/ton on September 12 at the beginning of the week. Affected by the golden September, the trading atmosphere of the n-butanol market recovered, and the confidence of the industry improved. In addition, some companies replenished their stocks after the holiday, and the price of n-butanol rose sharply. Raw material prices rose, DBP costs rose, and DBP's upward momentum increased.
According to the price monitoring of SunSirs, the price of PA rose sharply this week, and the market of PA rose strongly. As of September 19, the price of PA was 9,600 RMB/ton, an increase of 3.78% from the 9,250 RMB/ton price of PA on September 12 at the beginning of the week. This week, the price of OX rose, the cost of PA rose, the start of downstream plasticizers rose, the demand for PA rose, the driving force for the rise of PA was greater, the cost of DBP raw materials rose, and the rising momentum of DBP will increase in the future.
Market outlook
The DBP data analyst of SunSirs believes that "golden September and silver October" are coming, and plasticizer companies increased their operations. Coupled with the replenishment of some enterprises after the festival, the prices of DBP raw materials n-butanol and PA rose sharply. The cost of plasticizers rose, and the driving force for the price of plasticizer DBP increased. In terms of the market outlook, in the market of 'golden September, silver October', both supply and demand of plasticizer DBP have recovered, and DBP price support is mainly on the cost of raw materials. In terms of raw materials, the post-holiday replenishment is over, the rising support of raw materials is weakened, the price of raw material PA is strongly stabilized, and the cost of DBP is strongly stabilized.
