SunSirs: The Domestic DOP Market Was Temporarily Stable on August 2nd

https://www.chemnet.com   Aug 05,2024 SunSirs

Price trend

On August 2nd, 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 August 2nd, the market for DOP raw material PA fell, while the price of 2-EH stabilized, resulting in a decrease in DOP raw material costs. DOP enterprises had temporarily stabilized their operations, and downstream market conditions were stabilizing. Downstream demand was mainly driven by rigid needs, and downstream customers had a general willingness to negotiate prices. The transaction price was subject to negotiation. DOP quotation was 9,300-9,500 RMB/ton, the quotation was stabilizing, and the actual transaction price was stabilizing. The bullish factors in the DOP market had weakened, while bearish factors still existed, and the DOP market was temporarily stable.

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