Dioctyl Phthalate prices have been witnessing an overall downtrend owing to sluggish demand recently
Recently the prices of Dioctyl Phthalate (DOP) have seen a downtrend as the demand for plasticizer DOP has remained stable. Downstream plasticizer producers have maintained steady operational rates as the seasonal slowdown for PVC approaches. This period has marked a decrease in demand for plasticizers, contributing to a decline in the high prices of DOP.
Currently, PVC manufacturers are experiencing reduced production levels. November, traditionally recognized as a low-demand period, has reinforced this trend, especially as colder weather in northern regions dampens market activity. The resulting decline in the downstream market has created increased pressure on plasticizer prices, signaling potential further decreases.
The operational load of 2-EH producers has recently diminished, leading to a drop in supply. Nevertheless, 2-EH prices have risen due to stable demand, providing market support and driving up the costs of producing plasticizers such as DOP. This situation has contributed to fluctuating and increased prices for DOP.
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Cost considerations reveal that the rising price of 2-EH, alongside stable fluctuations in PA, has raised production expenses for DOP. On the demand side, the arrival of the off-season suggests a decline in downstream production and inventory, translating to lower plasticizer demand. As the supply of 2-EH recovers and raw material prices stabilize and potentially fall, production costs for plasticizers are expected to decrease. This, combined with reduced demand, points to an anticipated downward trend in DOP prices in the near future.
