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Commodity News

SunSirs: Views on the Trend of DOP on August 4

August 05 2022 09:14:24     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of DOP rose on August 4, and the DOP market rebounded slightly. On August 4, the price of DOP was 9,062.50 RMB/ton, a slight increase of 0.14% from the DOP price of 9,050 RMB/ton on the previous trading day; recently, the price of DOP has approached the cost line, the demand side has recovered, and the DOP market has risen slightly.

Analysis review

The price of raw material 2-EH stopped falling and rose, the price of PA was temporarily stable, and the cost of DOP was temporarily stable. The price of downstream plastic PVC rose, and the demand recovered slightly. The downward pressure on plasticizers still existed, and the upward momentum increased.

Market outlook

The strong cost is temporarily stable, the demand is picking up, the rising momentum of DOP is increasing, and the downward pressure is still there. It is expected that the price of DOP will adjust strongly in the future.

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