SunSirs: The Domestic DOP Market Experienced a Decline on August 22nd

https://www.chemnet.com   Aug 23,2024 SunSirs

Price trend

On August 22nd, the DOP market in Jiangsu fell, with a quoted price of 8,800 RMB/ton. The DOP market in Shandong has declined, with a quoted price of 8,700 RMB/ton; The DOP market in Zhejiang region has fallen, with a quoted price of 8,900 RMB/ton.

Analysis review

On August 22nd, the price of PA, a raw material for DOP, fell weakly, the price of 2-EH fell, and the cost of DOP raw materials decreased. DOP enterprises had temporarily stabilized their operations, and downstream market conditions were stabilizing. Downstream demand was mainly driven by basic needs, and downstream customers had a general willingness to negotiate prices. The transaction price was subject to negotiation. The DOP quotation ranged from 8,700 to 8,900 RMB/ton, with a decrease in quotation and a weak decline in actual transaction price. The bullish trend in the DOP market had weakened, while the bearish trend had increased, resulting in a decline in the DOP market.

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