Price trend
On July 16th, the DOP market in Jiangsu Province experienced strong consolidation, with a quoted price of 8,000 RMB/ton. The DOP market in Shandong region was experiencing strong consolidation, with a quoted price of 7,900 RMB/ton; The DOP market in Zhejiang region was consolidating strongly, with a quoted price of 8,100 RMB/ton.
Analysis review
On July 16th, the price of phthalic anhydride, a raw material for DOP, stabilized, and the price of isooctanol rebounded and adjusted. The cost of DOP raw materials fluctuated and increased, and the production of DOP enterprises decreased. The downstream market was average, with downstream demand being the main factor. Downstream customers had average purchasing intentions, and the transaction price was subject to negotiation. The DOP quotation was 7,900-8,100 RMB/ton, which was a strong consolidation, and the actual transaction price increased. The positive and negative aspects of the DOP market still existed, and the negative aspects weakened. The DOP market strongly consolidated.
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