SunSirs: On June 20th, the Domestic DOP Market Strongly Stabilized

https://www.chemnet.com   Jun 21,2024 SunSirs

Price trend

On June 20th, the DOP market in Jiangsu region stabilized with a quotation of 9,900 RMB/ton. The DOP market in Shandong region was stabilizing, with a quotation of 9,800 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quotation of 10,000 RMB/ton.

Analysis review

On June 20th, the price of DOP raw material PA fluctuated and stabilized, while the price of 2-EH rebounded and increased. The cost of DOP raw materials rebounded and increased, and DOP enterprises started construction temporarily. The downstream market stabilized, with downstream demand being the main demand. Downstream customers had a general willingness to purchase at lower prices, and the transaction price was subject to negotiation. DOP quoted 9,800-10,000 RMB/ton, with a strong and stable quotation. The actual transaction price stabilized, and the favorable factors for DOP market still existed, while the negative factors weakened. The DOP market strongly stablized.

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