SunSirs: The Domestic DOP Market Fell on August 26th

https://www.chemnet.com   Aug 27,2024 SunSirs

Price trend                               

On August 26th, the DOP market in Jiangsu fell, with a quoted price of 8,650 RMB/ton. The DOP market in Shandong declined, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region fell, with a quoted price of 8,750 RMB/ton.

Analysis review                      

On August 26th, the market for DOP raw material PA fell weakly, the price of 2-EH fell, and the cost of DOP raw materials decreased. DOP enterprises 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. DOP quotation ranged from 8,550-8,700 RMB/ton, with a decrease in quotation and 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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