SunSirs: On July 23rd, the Domestic DOP Market Stabilized

https://www.chemnet.com   Jul 24,2024 SunSirs

Price trend

On July 23rd, the DOP market in Jiangsu region stabilized, with a quoted price of 9,650 RMB/ton. The DOP market in Shandong region was stabilizing, with a quoted price of 9,550 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quoted price of 9,750 RMB/ton.

Analysis review

On July 23rd, the price of PA, a raw material for DOP, stabilized, the price of 2-EH stabilized, the cost of DOP raw materials stabilized, and DOP enterprises temporarily stabilized. The downstream market stabilized, with downstream demand as the main factor. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. The DOP quotation was 9,500-9,750 RMB/ton, which stabilized, and the actual transaction price stabilized. The positive factors in the DOP market still existed, while the negative factors weakened, and the DOP market stabilized.

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