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SunSirs: Costs Rose, Supply Increased, and DBP Prices Weakly Consolidated

Increase font size  Decrease font size Date:2024-02-21   Views:179

  After the holiday, the price of plasticizer DBP was weakly consolidating



  According to the Commodity Market Analysis System of SunSirs, as of February 19th, the DBP price was 9,775 RMB/ton, which was temporarily stable compared to the DBP price of 9,775 RMB/ton on February 9th before the holiday. The raw material n-butanol had experienced strong consolidation, while the price of 2-EH had fluctuated and risen. DBP costs had also increased. After the holiday, DBP enterprises had resumed production, DBP supply had increased, and downstream procurement enthusiasm was average. DBP prices were weakly consolidating.



  After the holiday, the price of 2-EH fluctuated and increased



  According to the Commodity Market Analysis System of SunSirs, as of February 19th, the quotation for 2-EH was 12,450 RMB/ton, a fluctuating increase of 0.81% compared to the quotation for 2-EH on February 9th before the holiday, which was 12,350 RMB/ton; Compared to the price of 12375 RMB/ton on February 1st at the beginning of the month, the price increased by 0.61%. During the Spring Festival, the operating load of 2-EH enterprises decreased, but there was some recovery after the holiday. In addition, downstream customers restocked, and the demand for 2-EH slowly rebounded. During the Spring Festival, the price of 2-EH remained high, and after the holiday, the price of 2-EH slightly increased.



  N-butanol prices was consolidating at high levels



  According to the Commodity Market Analysis System of SunSirs, as of February 19th, the price of n-butanol was 8,733.33 RMB/ton, which was temporarily stable compared to the price of n-butanol on February 9th before the holiday, which was 8,733.33 RMB/ton; Compared to the price of 8,816.67 RMB/ton on February 1st, the price of n-butanol decreased by 0.95%. The inventory of n-butanol enterprises was low, the n-butanol prices was consolidating at high levels; DBP cost support still existed.



  Market outlook



  SunSirs’plasticizer product data analysts believe that in terms of raw materials: n-butanol was consolidating at a high level, 2-EH prices were fluctuating and rising, and raw material costs provided support for DBP market; After the holiday, plasticizer enterprises resumed production and DBP supply increased. In the future, cost support still exists, and the supply of plasticizer DBP increases. It is expected that DBP prices will weakly be consolidated in the future.


 
 
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