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Commodity News

SunSirs: On August 17, the DOP Market Rebounded and Rose

August 18 2022 09:01:05     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the price of DOP rose on August 17, and the DOP market recovered. On August 17, the DOP price was 9,025 RMB/ton, an increase of 0.56% from the DOP price of 8,975 RMB/ton on the previous trading day. Raw material prices rose, DOP costs rose, and DOP prices rose.

Analysis review

The price of raw material isooctanol rose, the price of phthalic anhydride temporarily stabilized, and the cost of DOP rose; the price of downstream plastic PVC stabilized, and the demand temporarily stabilized; the downward pressure on plasticizers still existed, and the upward momentum was increasing.

Market outlook

Costs are rising, demand is temporarily stable, DOP's upward momentum has increased, and downward pressure is still present. It is expected that DOP prices will fluctuate and rise in the future.

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