Price trend

On July 8th, the DOP market in Jiangsu fell, with a quoted price of 8,200 RMB/ton. The DOP market in Shandong declined, with a quoted price of 8,100 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 8,300 RMB/ton.

Analysis review

On July 8th, the price of phthalic anhydride, a raw material for DOP, fell, the price of isooctanol fell, the cost of DOP raw materials decreased, and the production of DOP enterprises decreased. The downstream market was average, with downstream demand being the main demand. Downstream customers had average purchasing intentions, and the transaction price was subject to negotiation. The DOP quotation was 8,100-8,300 RMB/ton, but the quotation fell, and the actual transaction price fell. The bullish side of the DOP market weakened, while the bearish side increased, and the DOP market fell.

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