SunSirs: The Domestic DOP Market Fell on September 25th

https://www.chemnet.com   Sep 26,2024 SunSirs

Price trend                               

On September 25th, the DOP market in Jiangsu fell, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong had declined, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 8,800 RMB/ton.

Analysis review

On September 25th, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and fell, resulting in a decrease in DOP raw material costs. 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. DOP quoted 8,600-8,800 RMB/ton, but the quoted price had decreased, resulting in a decrease in the 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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