SunSirs: Cost Rose, Demand Recovered, and DOP Prices Fluctuated and Rose in January
February 01 2023 13:43:02 SunSirs (John)
DOP prices rose in shock in January
According to the data monitoring of SunSirs, as of January 30, the price of DOP was 10,620 RMB/ton, up 8.92% from the price of 9,750 RMB/ton on January 1. The cost of raw materials rose, the demand recovered, and the DOP market rose in shock in January.
In January, the price of raw material 2-EH stopped falling and rose
According to the price monitoring of SunSirs, as of January 30, the price of 2-EH was 10,533.33 RMB/ton, up 8.22% from the price of 2-EH on January 1, which was 9,733.33 RMB/ton. After the Spring Festival, the downstream replenishment increased, the demand recovered, the price of 2-EH fluctuated and rose, the cost of DOP raw materials rose, and the rising power of DOP increased.
The price of raw material PA rose slightly in January
According to the price monitoring of SunSirs, as of January 30, the quotation of OX method PA was 8,162.50 RMB/ton, up 1.24% from the price of 8,062.50 RMB/ton on January 1. Due to the stock before the Spring Festival, the price of PA stopped falling. Replenishment after the Spring Festival, the price of PA fluctuated and rose, the cost of DOP rose, and the upward momentum of DOP increased.
Market outlook
According to DOP data analysts of SunSirs, the price of 2-EH, the raw material, rose sharply in January, the price of PA rose slightly, and the cost of DOP rose. Replenishment after the holiday, the price of DOP slightly recovered, the downward pressure of DOP weakened, and the upward momentum increased. In the future, the cost of DOP is rising, the demand is warming, and the price of DOP is expected to rise in shock.
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