SunSirs: On June 19th, the Domestic DOP Market Was Weak and Fell

https://www.chemnet.com   Jun 20,2024 SunSirs

Price trend

On June 19th, the DOP market in Jiangsu region fell weakly, with a price of 9,900 RMB/ton. The DOP market in Shandong region was weak and declining, with a quotation of 9,800 RMB/ton; The DOP market in Zhejiang region was weak and declining, with a quote of 10,000 RMB/ton.

Analysis review

On June 19th, the DOP raw material PA market fluctuated and fell, the price of 2-EH fluctuated and fell, and the cost of DOP raw materials fluctuated and fell. DOP enterprises were temporarily operating steadily, with downstream market trends stabilizing. Downstream purchased mainly on demand, and downstream customers had a moderate willingness to purchase at lower prices. The transaction price was subject to negotiation. DOP was quoted at 9,800-10,000 RMB/ton, with a decrease in price and a weak decline in actual transaction price. The positive side of the DOP market had weakened, while the negative side still existed. The DOP market was weak and falling.

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