DBP prices of plasticizers fluctuated and consolidated in November

According to the Commodity Market Analysis System of Business Society, as of November 29th, the DBP price was 9500 yuan/ton, which is stable compared to the DBP price of 9500 yuan/ton on November 1st. The raw material n-butanol fluctuates and rises, DBP costs rise, DBP enterprises have a high operating rate, and sales performance is good, with active downstream procurement. DBP prices fluctuated and consolidated in November.

In mid November, the operating rate of DBP enterprises increased to around 75%, reaching a high of 80%, significantly higher than the monthly average operating rate in October, an increase of about 24%. DBP company has no maintenance and parking plans in the near future, and it is expected that the production load will be good. Therefore, it is expected that the supply of DBP market will remain strong in the next two weeks.

The price of n-butanol fluctuated and rose in November

According to the Commodity Market Analysis System of Business Society, as of November 29th, the price of n-butanol was 7833.33 yuan/ton, an increase of 4.91% compared to the price of n-butanol on November 1st, which was 7466.67 yuan/ton. In the first and middle of November, the n-butanol market experienced a jump in price reduction and stocking. In the latter half of the month, some n-butanol enterprises experienced an increase in temporary equipment shutdown and maintenance, resulting in a decrease in n-butanol supply. In addition, plasticizer enterprises started operating at a high level, and downstream markets were actively restocking, leading to a continuous increase in n-butanol prices. Cost support increases the driving force for DBP growth.

Statistics on export data of plasticizer DBP

According to data released by the General Administration of Customs, the cumulative export volume from January to October 2023 was 2322.47 tons, setting a record for exports since 2017. It can be seen from the graph that the export volume of DBP has been steadily increasing over the past 18 years. The stable growth of demand in foreign markets is beneficial for the domestic DBP market.

Future expectations

Business Society plasticizer product data analysts believe that plasticizer DBP enterprises are operating at a high level, while exports continue to grow steadily. The supply and demand of plasticizer DBP are booming, and the price changes of plasticizer DBP mainly depend on changes in raw material prices. In terms of raw materials: In November, the price of n-butanol fluctuated and rose, while the price of phthalic anhydride fluctuated and fell. The cost of DBP raw materials supported the strong consolidation of DBP. In the future, DBP supply and demand are both strong, and the raw material n-butanol is expected to remain stable and strong, while the price of phthalic anhydride is expected to rebound from the bottom. The cost of plasticizers is supported, and it is expected that DBP prices will fluctuate and rise in the future.