SunSirs: The Domestic DOP Market Was Strong and Temporarily Stable on October 16th

https://www.chemnet.com   Oct 17,2024 SunSirs

Price trend

On October 16th, the DOP market in Jiangsu Province remained strong and stable, with a quoted price of 9,250 RMB/ton. The DOP market in Shandong region was experiencing strong consolidation, with a quoted price of 9,200 RMB/ton; The DOP market in Zhejiang region was temporarily stable, with a quoted price of 9,300 RMB/ton.

Analysis review

On October 16th, the market for DOP raw material PA fluctuated and stabilized, the price of 2-E  was strongly consolidated, and the cost of DOP raw materials was strongly consolidated. 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 9,150-9,300 RMB/ton, with a strong consolidation in the quotation, and the actual transaction price was stabilizing. The positive side of the DOP market still existed, while the negative side weakened, and the DOP market was consolidating strongly.

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