SunSirs: On September 26th, the Domestic DOP Market Weakly Stabilized

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

Price trend

On September 26th, the DOP market in Jiangsu Province remained weak and stable, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong region was weak and temporarily stable, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region was weak and temporarily stable, with a quoted price of 8,800 RMB/ton.

Analysis review

On September 26th, 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 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. The DOP quotation was 8,600-8,800 RMB/ton, with a weak and temporarily stable quotation, and the actual transaction price was weak and temporarily stable. The bullish trend in the DOP market had weakened, while the bearish trend had increased. The weak trend in the DOP market was stabilizing.

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