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SunSirs: DOP Trend Fell on October 25
October 26 2021 13:33:40SunSirs(John)

DOP prices fell rapidly on October 25

According to the data monitoring of SunSirs, the DOP price fell on October 25, and the DOP market fell back. As of October 25, the DOP price was 12,575.00 RMB/ton, which was a decrease of 3.27% from the price of 13,000.00 RMB/ton on the previous trading day (October 22); DOP fell rapidly this week after a brief rebound last week.

Raw material prices fell

According to the price monitoring of SunSirs, after a brief rise in 2-EH last week, the price of 2-EH took a sharp turn and dropped sharply on the 25th. On the 25th, 2-EH fell by 8.35%.The price of 2-EH dropped sharply, and the cost of DOP dropped; the price of DOP dropped accordingly.

Market outlook

The DOP data analyst of SunSirs believes that the price of 2-EH fell sharply on the 25th, and the cost of DOP dropped. Under the background of weak PVC market, DOP lost its upward support and the downward pressure increased. DOP prices are expected to fluctuate and fall in the future.

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