SunSirs: The Domestic DOP Market Tended to Stabilizing on October 31st

https://www.chemnet.com   Nov 04,2024 SunSirs

Price trend

On November 1st, the DOP market in Jiangsu remained stable, with a quoted price of 9,000 RMB/ton. The DOP market in Shandong region was temporarily stable, with a quoted price of 8,900 RMB/ton; The DOP market in Zhejiang region was temporarily stable, with a quoted price of 9,100 RMB/ton.

Analysis review

On November 1st, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH remained weak and stabilized, and the cost of DOP raw materials stabilized. 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. The DOP quotation was 8,900-9,100 RMB/ton, which was stabilizing, but the actual transaction price had decreased. The bullish trend in the DOP market had weakened, while the bearish trend still existed. The DOP market was weakly stabilizing.

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