SunSirs: The Domestic DOP Market Experienced a Decline on September 4th

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

Price trend

On September 4th, the DOP market in Jiangsu fell, with a quoted price of 8,550 RMB/ton. The DOP market in Shandong had declined, with a quoted price of 8,500 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 8,600 RMB/ton.

Analysis review

On September 4th, the market for DOP raw material PA fell, the price of 2-EH fell, and the cost of DOP raw materials decreased. DOP enterprises temporarily stabilized their operations, downstream market conditions were stabilizing, and downstream demand was mainly driven by urgent needs. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. The DOP quotation was 8,500-8,600 RMB/ton, but the quotation had fallen and the actual transaction price had decreased. The bullish side of the DOP market had weakened, while the bearish side had increased, resulting in a decline in the DOP market.

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