Plasticizer industry chain: bearish gathering bottom is difficult to find
China's plasticizer industry chain: bearish aggregate bottom difficult to find plasticizer market downturn has continued for a long period, especially the phthalic plasticizer industry chain: Bearish gathering bottom difficult to find plasticizer on behalf of DOP, DBP is still falling, and the industry's bearish expectations remain, its raw materials butanol, phthalic anhydride, naphthalene anhydride is also constantly probing, whether it is insufficient domestic demand, or cost transmission weakened, continue to increase the industry's bearish expectations. DOP, DBP center of gravity continues to 7000 plasticizer industry chain: bearish aggregate bottom difficult to find/Plasticizer industry chain: bearish aggregate bottom difficult to find the mark closer.
octanol continued to decline, leading Luxi chemical fell to 7000 plasticizer industry chain: bearish aggregate bottom difficult to find/plasticizer industry chain: bearish aggregate bottom difficult to find, at this stage, the industry supply is still sufficient, destocking on the basis of weakening risk is also difficult to eliminate, but the raw material propylene still has a dip (currently Shandong propylene 7050-7100 plasticizer industry chain: Bearish gathering bottom is difficult to find/plasticizer industry chain: bearish gathering bottom is difficult to find), octanol industry profits have been difficult to obtain; Butanol also maintains a downward trend, but the continuous decline of the butanol industry has obvious negative constraints on DOP and DBP. For butanol market expectations are still not good, but the industry profit contraction is obvious, especially under the rise of propylene, is expected to intensify the wait and see, so butanol recent fluctuations may be limited.
The decline of anhydride has not stopped, especially naphthalene method anhydride continued to break down. The supply of phthalic anhydride industry is sufficient, facing the downstream just demand and conflict, destocking resistance, making profit become the norm, according to statistics since 2018, the plasticizer industry chain: bearish gathering bottom difficult to find October so far, continued to fall, taking the East China market as an example, by 8000 plasticizer industry chain: bearish gathering bottom difficult to find/plasticizer industry chain: Bearish gathering bottom difficult to find fell to 6200 plasticizer industry chain: bearish gathering bottom difficult to find/Plasticizer industry chain: bearish gathering bottom difficult to find, a decline of 22.5%, mostly to maintain negative downward trend.
phthalic anhydride is still facing a serious loss situation. Naphthalene method phthalic anhydride is also continuing to fall, near the plasticizer industry chain: bearish aggregate bottom difficult to find for the first time fell below 6000 plasticizer industry chain: bearish aggregate bottom difficult to find/Plasticizer industry chain: bearish aggregate bottom difficult to find the mark, the current current auction of industrial naphthalene is also aggravating the bearish, the phthalic anhydride industry is still expected to fall.
industry supply and demand pattern is also inclined to excess, the production and sales of the terminal PVC soft products industry is not booming, especially under the dual policy constraints of environmental protection and security, the industry load is significantly depressed, the weather is getting hotter, for the terminal is also the traditional off-season, so the plasticizer industry chain: Bearish gathering bottom difficult to find plasticizer demand prospects are difficult to change, in addition to the lack of domestic demand, the external bearish is also to suppress the mentality, especially in the Sino-US trade friction on the macro impact, commodities as a whole by bearish constraints. Long-term goods are not smooth, superimposed import sources, DOP industry supply is also sufficient, for the goods, the industry plasticizer industry chain: bearish gathering bottom difficult to find the battle is also continued, but increasingly bearish do not buy down, just need will still be normal.
In summary, the periphery is bearish, insufficient domestic demand will continue, the raw material is expected to fall, the cost transmission is also constantly weakened, on the basis of destocking, the phenomenon of profit may continue. In terms of cost, plasticizer industry chain: bearish collection bottom difficult to find plasticizer industry chain is currently facing cost pressure, DOP, long-term loss of phthalic anhydride, DBP, naphthalene method of phthalic anhydride, profit has been eroded, under the cost constraints, the industry will be suppressed, mostly to maintain negative decline, pay attention to the raw material octanol plasticizer industry chain: Bearish gathering bottom difficult to find dynamics.