The price of DOP fluctuated and Rose this week

According to the data monitoring of SunSirs, as of February 24, the price of DOP was 9,960 RMB/ton, up 0.40% from the price of 9,920 RMB/ton on February 17. Cost pressure remained, and the DOP market rose slightly this week.

The price of raw material 2-EH fell first and then rose

According to the price monitoring of SunSirs, as of February 24, the price of 2-EH was 9,533.33 RMB/ton, up 0.35% from the price of 9,500 RMB/ton on February 17. Downstream demand was still weak. Downstream customers mostly replenished stocks on Monday and Tuesday. With the increase of replenishing stocks, the price of 2-EH stopped falling and rose. The price of 2-EH fluctuated and adjusted this week. The cost support of DOP raw materials still existed, and the power for DOP price rise still existed.

The market of raw material PA recovered

According to the price monitoring of SunSirs, as of February 24, the price of PA by OX processing was 8,325 RMB/ton, up 0.45% from the price of 8,287.50 RMB/ton on February 17. The price of OX rose, and the price-supportive of PA was strong. The price of PA rose slightly this week, while the upward momentum of DOP remained.

Market outlook

DOP data analysts of SunSirs believe that the price of 2-EH, the raw material, rose slightly this week, while the price of PA remained high, and the cost of DOP rose. The demand side support was limited, and the downstream was more likely to to replenish stocks when the price fell. The positive and negative factors of DOP were mixed, and there is still a downside risk of DOP in the short term. DOP costs fluctuated and consolidated, and demand support was limited. In the future, DOP prices are expected to fluctuate and consolidate.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.