Near the weekend, the market price of DOTP shows a slight rebound. DOTP merchants intend to hold up the price. The main reason is that the transaction atmosphere of the raw material octanol has improved and the price has risen。
Raw material octanol: After the octanol market bottomed out twice in mid-to-late February, buyers actively purchased the bottom price. In March, the supply side of the octanol market was stable. With the recovery of the demand side, the inventory pressure of octanol manufacturers gradually eased, and the focus of market transactions has recently moved up.
Raw material PTA: The PTA market has shown an overall upward trend in recent days. On the one hand, the supply of PTA has decreased, the demand for polyester has increased steadily, and the supply and demand tend to go out of storage; on the other hand, the macro expectation is biased, and the prosperity value of China's manufacturing industry is higher than the dry and prosperous value and exceeds expectations. The market sentiment under the mismatch of supply and demand and the improvement of buying sentiment have boosted the market rally.
Recently, the cost side has been positively supported, and the profit margin of DOTP merchants has once again shrunk to the cost line. Therefore, merchants are mainly operating in the short term or following the rise, and the quotations are raised. However, the recovery of the demand side is relatively slow, and most DOTP merchants still have inventory to be digested; in addition, the cost side of the main raw material octanol is limited, and the PTA terminal consumption has not yet been opened up, and the replenishment of foreign orders may limit the increase in demand and the height of the market rebound. DOTP's cost side and demand side are limited, and will continue to limit the price rebound.
