SunSirs: The Domestic DOP Market Rose on September 18th

https://www.chemnet.com   Sep 19,2024 SunSirs

Price trend

On September 18th, the DOP market in Jiangsu Province rose, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong had risen, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang had risen, with a quoted price of 8800 RMB/ton.

Analysis review

On September 18th, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and rose, resulting in an increase in DOP raw material costs. 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 8,600-8,800 RMB/ton, with an increase in quotation resulting in an increase in 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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