SunSirs: On July 16th, the Domestic DOP Market Experienced a Decline

https://www.chemnet.com   Jul 17,2024 SunSirs

Price trend

On July 16th, the DOP market in Jiangsu fell, with a quoted price of 9,600 RMB/ton. The DOP market in Shandong had declined, with a quoted price of 9,500 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 9,700 RMB/ton.

Analysis review

On July 16th, the price of PA, a raw material for DOP, stabilized, while the price of 2-EH fluctuated and fell. The cost of DOP raw materials also fluctuated and fell. DOP enterprises temporarily stabilized their production, and downstream markets stabilized. Downstream purchased mainly on demand, and downstream customers had a general willingness to purchase at a lower price. The transaction price was subject to negotiation. The DOP quotation was 9,500-9,700 RMB/ton, but the quotation fell, resulting in a decrease in the actual transaction price. The bullish factors in the DOP market weakened, while the bearish factors still existed. The DOP market fluctuated and fell.

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