China DOP Prices Recover in Early July 2026 After June Decline as Feedstock Costs Rebound

China&#**;s DOP (Dioctyl Phthalate) market showed signs of recovery during the first half of July ****, following the sharp decline recorded throughout June ****. According to market sources, the improvement was mainly driven by higher feedstock costs, lower production rates, and renewed cost support from upstream raw materials. However, demand from downstream PVC industries remained seasonally weak, limiting the pace of the recovery.

During June, the DOP market followed a volatile pattern. Prices initially increased amid geopolitical tensions between the United States and Iran, which temporarily lifted crude oil values and supported feedstock costs. However, as tensions eased later in the month, crude oil prices declined sharply, removing support for upstream raw materials. Both isooctanol and phthalic anhydride, the key feedstocks used in DOP production, recorded significant price declines. Isooctanol prices fell during June, while phthalic anhydride also weakened, significantly reducing DOP production costs...