Price trend
On August 16th, the DOP market in Jiangsu Province rose with a quotation of 11,600 RMB/ton. The DOP market in Shandong region rose with a quotation of 11,500 RMB/ton, while the DOP market in Zhejiang region rose with a quotation of 11,700 RMB/ton.
Analysis review
On August 16th, the market for DOP raw material PA stabilized, the price of 2-EH stabilized strongly, the cost of DOP raw material stabilized. DOP enterprises started operating at low loads, DOP supply temporarily stabilized, downstream market stabilized, and downstream demand was average. The market transaction situation was temporarily stable, and the transaction price was subject to negotiation. DOP was quoted at 11,500 to 11,700 RMB/ton, and the actual transaction price stabilized.
Market outlook
The downward pressure on the DOP market has weakened, and the upward momentum still exists. In the future, the DOP market will strongly stabilize.
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