Price trend

On May 6th, the DOP market in Jiangsu fell, with a quoted price of 7,900 RMB/ton. The DOP market in Shandong region was weak and declining, with a quoted price of 7,800 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 8,100 RMB/ton.

Analysis review

On May 6th, the market for DOP raw material PA fluctuated and fell, while the price of isooctanol fluctuated and fell, resulting in a weak decline in DOP raw material costs. DOP enterprises were operating at a low level, downstream market conditions were weak, and downstream customers mainly purchased essential goods. Downstream customers had a general willingness to lower prices, and the transaction price was subject to negotiation. The DOP quotation was 7,800-8,050 RMB/ton, but the quotation had fallen, resulting in a decrease in actual transaction price. The positive side of the DOP market  weakened, while the negative side had increased, leading to a weak decline in the DOP market.

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