SunSirs: The Domestic DOP Market Remained Stable Temporarily on July 31st

https://www.chemnet.com   Aug 01,2024 SunSirs

Price trend

On July 31st, the DOP market in Jiangsu remained stable, with a quoted price of 9,400 RMB/ton. The DOP market in Shandong region was temporarily stable, with a quoted price of 9,300 RMB/ton; The DOP market in Zhejiang region was temporarily stable, with a quoted price of 9,500 RMB/ton.

Analysis review

On July 31st, the price of PA, a raw material for DOP, fell, while the price of 2-EH stabilized. The cost of DOP raw materials stabilized, and DOP enterprises started production temporarily. The downstream market stabilized, with downstream demand being 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 9,300-9,500 RMB/ton, which stabilized, and the actual transaction price stabilized. The bullish factors in the DOP market weakened, while the bearish factors still existed. The DOP market remained temporarily stable.

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