SunSirs: The Domestic DOP Market Rebounded on September 12th

https://www.chemnet.com   Sep 13,2024 SunSirs

Price trend

On September 12th, the DOP market in Jiangsu Province rose, with a quoted price of 8,500 RMB/ton. The DOP market in Shandong had risen, with a quoted price of 8,400 RMB/ton; The DOP market in Zhejiang had risen, with a quoted price of 8,600 RMB/ton.

Analysis review

On September 12th, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and rose, and the cost of DOP raw materials fluctuated and rose. DOP enterprises had 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. DOP quotation ranged from 8,400-8,600 RMB/ton, with an increase in quotation and a stabilizing actual transaction price. The positive side of the DOP market still existed, while the negative side weakened, and the DOP market rose.

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