SunSirs: The Domestic DOP Market Remained Stable Temporarily on August 19th

https://www.chemnet.com   Aug 20,2024 SunSirs

Price trend

On August 19th, the DOP market in Jiangsu region stabilized, with a quoted price of 9,000 RMB/ton. The DOP market in Shandong region was stabilizing, with a quoted price of 8,900 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quoted price of 9,100 RMB/ton.

Analysis review

On August 19th, the market for DOP raw material PA stabilized, the price of 2-EH stabilized, and the cost of DOP raw materials stabilized. The operating rate of DOP enterprises was temporarily stable, and the downstream market was stabilizing, with primary demand in the downstream market. Downstream customers generally had a willingness to negotiate prices, and the transaction price was subject to negotiation. The DOP quotation ranged from 8,800-9,100 RMB/ton, with the quotation stabilizing and the actual transaction price stabilizing. The bullish factors still existed in the DOP market, while the bearish factors had weakened, and the DOP market was stabilizing.

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