Price trend

On February 24, the benchmark price of DOP from SunSirs was 7,833.34 RMB/ton, a decrease of 2.3% compared with the beginning of the month (8,017.50 RMB/ton).

On February 24th, the DOP market in Jiangsu province remained weak and stable, with prices quoted at 7,700 RMB/ton. The DOP market in Shandong province also remained weak and stable, with prices quoted at 7,400 RMB/ton; the DOP market in Zhejiang province remained weak and stable, with prices quoted at 7,800 RMB/ton.

Market analysis

On February 24th, the prices of phthalic anhydride and isooctanol, raw materials for DOP, both showed a weak but stable trend. DOP raw material costs also tended to stabilize. DOP plant operating rates declined, downstream demand was moderate, with demand primarily driven by immediate needs. Downstream customers' purchasing intentions were generally low, and transaction prices were subject to negotiation. DOP was quoted at 7,300-7,800 RMB/ton, showing a weak but stable trend, while actual transaction prices remained relatively stable. The positive factors for DOP prices weakened, while negative factors persisted, resulting in a weak but stable trend in the DOP market.

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