DBP prices fluctuated and rose in March
According to data monitoring by SunSirs, as of March 31, the DBP price was 9,675 RMB/ton, an increase of 2.79% compared to the DBP price of 9,412.50 RMB/ton on March 1. The plasticizer DBP enterprise started steadily, the DBP supply was sufficient, and supported by the rise in raw materials, DBP prices fluctuated and rose in March.
Raw material prices fluctuated and rose in March
According to the price monitoring by SunSirs, as of March 31, the price of n-butanol was 7,766.67 RMB/ton, up 10.43% from March 1, when the price of n-butanol was 7,033.33 RMB/ton. The operating rate of n-butanol enterprises was stable. As the temperature rose, downstream demand rebounded, n-butanol prices fluctuated and rose. DBP costs rose, and the momentum for future DBP growth increased.
According to the price monitoring by SunSirs, as of March 31, the quotation for OX method PA was 8,625 RMB/ton, an increase of 2.07% compared to the price of 8,475 RMB/ton on March 1. In March, the price of OX fluctuated and increased, the willingness to support the price of PA was strong. In March, the market for PA remained stagnant, and the upward momentum for DBP remained.
Market outlook
DBP data analysts from SunSirs believe that in March, plasticizer enterprises started operations stably and DBP supply was sufficient; In terms of raw materials, the price of PA rose first and then fell, the market for PA remained stagnant, the price of n-butanol rose significantly, and the cost of DBP raw materials rose. The cost of plasticizer DBP had increased, demand was weak, and DBP prices had fluctuated and increased. The market for PA was stagnant, while the price of n-butanol rose, and support for DBP growth remained. It is expected that DBP prices will fluctuate and consolidate at a high level in the future.
