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SunSirs: Views on DOP Trend on June 1

June 02 2022 08:36:50     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of DOP stabilized on June 1, and the DOP market stabilized. On June 1, the DOP price was 11,912.50 RMB/ton, which was the same as the DOP price of 11,912.50 RMB/ton on the previous trading day; the DOP cost stabilized, and the DOP market remained stable.

Analysis review

The price of raw material 2-EH fluctuated and fell, the price of phthalic anhydride fluctuated and rose, and the cost of DOP was adjusted weakly; the price of downstream plastic PVC fluctuated and stabilized, and demand was picking up; the downward pressure on plasticizers remained, and the upward momentum was weakened.

Market outlook

Costs are falling, demand is temporarily stable, DOP’s upward momentum has weakened, and downward pressure still exists. It is expected that DOP prices will fluctuate and adjust in the future.

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