Asia DINP and DOTP prices may continue uptrend Kenya

  • Asia DINP and DOTP prices may continue uptrend Kenya
  • Asia DINP and DOTP prices may continue uptrend Kenya
  • Asia DINP and DOTP prices may continue uptrend Kenya
  • What is China's DOTP market price?
  • The China's DOTP market price rose in this cycle. As of the close on August 24, the market price in Zhejiang was 12,200 yuan/ton out of the warehouse, up 600 yuan/ton or 5.17% from last Thursday. In July 2021 , the average monthly ex-factory price of mainstream manufacturers in the Shandong area of DOTP will be 14,340 CNY/ton.
  • Why did dioctyl phthalate (DOP) prices rise in Asia?
  • During the first quarter of 2022, the prices of Dioctyl Phthalate (DOP) rose upwards in Asia as the demand fundamentals for the product from the domestic polymer segment have increased under the influence of improved offtakes from the domestic construction sector, as Dioctyl Phthalate is used as a plasticizer in Polyvinyl Chloride and Polystyrene.
  • Why did DOP prices remain low in August?
  • In August, DOP prices remained low due to increasing inventory levels and sluggish demand from the plasticizer sector, along with declining export purchasing activity. Overall, the third quarter was marked by a sluggish DOP market, with downward price pressure due to weak demand and uncertain market dynamics.
  • How is the DOP market influenced by the PVC sector?
  • The DOP market is highly influenced by the downstream PVC sector, which is used as a key housing factor in the construction industry. The construction sector was growing in Europe amidst an increase in sales for in-built houses. Due to the rising prices for rental houses, consumers' enthusiasm towards the houses is hampering sales.
  • How did the restocking of crude oil affect the DOP market?
  • The hesitation to restock inventories further slowed market circulation, deepening the cautious sentiment in the DOP market. Additionally, the recent depreciation in upstream crude oil prices provided further relief to DOP prices. Terminal demand remained weak, with traders unsure of market direction.
  • Why was DOP demand limited in the USA's manufacturing plasticizer sectors?
  • The limited DOP demand in the USA's manufacturing plasticizer sectors was a result of a slow economic recovery and stagnant trading conditions in relevant segments. In anticipation of a price hike due to a new import tariff, buyers temporarily suspended their purchasing activities during this period.

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