DOP into the adjustment phase

Since opening in 2013, no matter how raw materials fluctuate, DOP corporate profit margins were significantly changed little. Dioctyl phthalate industry face high costs, low profits, demand outlook for corporate profitability has a decisive influence. Taking into account the recent case of the terminal resumed poor market DOP inventory accumulation problems, business confidence remained weak in the short term DOP probably will face a longer time period of adjustment.

Anhydride octanol-DOP in this chain, the upstream phthalic anhydride and octanol pace of capacity expansion is obvious, on the one hand selective ingredients were increased; hand upstream capacity market mechanisms enhance the dioctyl phthalate is more advantages in terms of condition. Relying on raw materials, but the long-term nature DOP also strong, phthalic anhydride, dioctyl phthalate between octanol and pull effect is obvious. Especially for octanol, although the dominant factor for the DOP prices relatively weakened, but the raw material for DOP squeeze corporate profits significantly. And in recent years, the production capacity of the two industries have been expanding, the pace of post-production is still ahead.

As of the end of 2012, the domestic production capacity of approximately 1.2 million tons octanol compared with 2011 increased by 25 million tons, while in 2013 there will be 400,000 tons is expected to be completed new device, when octanol domestic production capacity to 160 million tons. PA current domestic production capacity of about 2.3 million tons, in 2013 an increase of 20 million tons is expected, regardless of imported raw materials, DOP plant started to count 60% of the overall need octanol total 1.34 million tons, the total 750,000 tons of phthalic anhydride .

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