SunSirs: The Domestic DOP Market Remained Stable Temporarily on October 10th

https://www.chemnet.com   Oct 11,2024 SunSirs

Price trend

On October 10th, the DOP market in Jiangsu fell, with a quoted price of 9,400 RMB/ton. The DOP market in Shandong region was temporarily stable, with a quoted price of 9,200 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 9,500 RMB/ton.

Analysis review

On October 10th, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fell and the cost of DOP raw materials decreased. 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 was quoted at 9,200-9,500 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 still existed, leading to a decline in the DOP market.

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