SunSirs: The Domestic DOP Market Experienced a Decline on August 6th

https://www.chemnet.com   Aug 07,2024 SunSirs

Price trend

On August 6th, the DOP market in Jiangsu fell, with a quoted price of 9,300 RMB/ton. The DOP market in Shandong region was temporarily stable, with a quoted price of 9,200 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 9,400 RMB/ton.

Analysis review

On August 6th, the market for DOP raw material PA stabilized, the price of 2-EH fell, and the cost of DOP raw materials decreased. DOP enterprises temporarily stabilized their production, and downstream demand remained stable. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. The DOP quotation was 9,200-9,400 RMB/ton, and the quotation decreased, resulting in a decrease in the actual transaction price. The bullish factors in the DOP market weakened, while the bearish factors still existed, leading to a decline in the DOP market.

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