SunSirs: The Domestic DOP Market Experienced a Decline on November 22nd

https://www.chemnet.com   Nov 25,2024 SunSirs

Price trend

On November 22nd, the DOP market in Jiangsu fell, with a quoted price of 9,200 RMB/ton. The DOP market in Shandong had declined, with a quoted price of 9,100 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 9,300 RMB/ton.

Analysis review

On November 22nd, the price of PA, a raw material for DOP, fluctuated and fell, the price of 2-EH fluctuated and fell, the cost of DOP raw materials fluctuated and fell, DOP enterprises temporarily stabilized their production, downstream markets stabilized, downstream demand was the main demand, and downstream customers had a general willingness to purchase at a lower price. The transaction price was subject to negotiation. The DOP quotation was 9,100-9,300 RMB/ton, and the quotation fell, resulting in a decrease in the actual transaction price. The bullish side of the DOP market weakened, while the bearish side increased, and the DOP market fell.

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