DOTP prices fell sharply this week
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According to the data monitoring of business agency, the high DOTP price fell sharply this week, and the overall DOTP market fell. As of March 17, the price of DOTP was 12350 yuan / ton, down 5.54% from 13075 yuan / ton on March 10 last week, and up 3.13% from 11975 yuan / ton on March 1 at the beginning of the month. The high level of DOTP market fell back, and the price of DOTP returned to the level at the beginning of March.
The price of isooctanol fell sharply this week
According to the price monitoring of business agency, the domestic isooctanol market fell from a high level this week. As of March 17, the price of isooctanol was 12733.33 yuan / ton, down 6.60% from 13633.33 yuan / ton on March 11 last week. Since the release of the conflict between Russia and Ukraine, the high price of isooctanol has fallen. This week, the price of isooctanol has fallen sharply, the cost of DOTP has decreased, the upward momentum of DOTP has weakened, and the downward pressure has increased.
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PTA prices fluctuated and fell
According to the price monitoring of the business agency, the PTA price fell sharply this week, and the overall PTA market fell back from the high level. As of March 17, the PTA price was 5732.73 yuan / ton, down 12.55% from 6555.50 yuan / ton on March 9 last week. The conflict between Russia and Ukraine is expected to ease, with crude oil prices plummeting and PTA prices plummeting. PTA prices fell, DOTP costs fell, and DOTP bearishness increased.
Future expectations
DOTP data analysts believe that with the easing of the conflict between Russia and Ukraine, crude oil prices have fallen sharply, PTA prices have fallen, isooctanol prices have fallen, costs have fallen, and the downward pressure of DOTP has increased. Generally speaking, the price of raw materials fell, the support of rising costs weakened, the demand for DOTP was temporarily stable, and the price of DOTP fell. In the future, as the price of raw materials returns to stability, the cost of DOTP tends to stabilize. It is expected that the price of DOTP will stabilize after falling in the future.
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