DOTP: Analysis of recent market conditions

DOTP: Analysis of recent market conditions

Since December, the domestic DOTP market has been fluctuating, with obvious declines and increases. On the whole, the decline dominates, and the market rises passively, and the rising cycle is really limited. At present, the market is back down again. According to the exploration mode, in view of the recent obvious market fluctuations in the DOTP market, Zhongyu Information will make the following analysis.

Taking the Shandong market as an example, the price of DOTP at the beginning of the month was 9,500 yuan/ton, and the price fell back to 9,300 yuan/ton, a drop of 2.1%. Although the decline in the market is not large, the long-term weak situation remains, and the source of market weakness lies in the demand side and the raw material side. The terminal demand is weak and hard to change, and the resistance to shipments remains high. When the merchants are mainly shipping, the profit is reduced, and the raw material octanol is lowered during the superimposed period. Therefore, fluctuations are basically suppressed within a narrow range.

As of the middle of the month, the price of DOTP rebounded to 9,800 yuan/ton, an increase of 5.4%. The main driving factor for this increase is the good raw materials. The raw material octanol has been continuously raised, and the transmission effect on DOTP costs has been continuously strengthened. Driven by the buying sentiment, the market trading situation has also improved. However, the market has limited space and time for improvement, and the risk of chasing higher prices is becoming more and more obvious. The market Trading was the first to turn weak, and the market entered a callback mode.

At present, the price of DOTP is 9,500 yuan/ton, a decrease of 3.1%, and the market shipments are not smooth, which intensifies wait-and-see. The demand side is still weak, and the reduction of octanol, the raw material, releases the negative news. When the merchants are actively shipping, they follow the profit, but the market still maintains a negative trend.

Expectations on the demand side are still not good. Although it is approaching the end of the year, it is still early to stock up, and the bearish sentiment still exists. It is expected that short-term inquiries and purchases will still be generalized. The raw material octanol is temporarily stable, but the risk of subsequent decline is difficult to eliminate. The transmission is limited, so it is expected that the DOTP market will continue to be weak. Although it is difficult to have obvious fluctuations, it is basically weak and negative.