SunSirs: DOP Prices Rose First and Then Fell This Week
February 08 2023 11:18:05 SunSirs (John)
DOP prices rose first and then fell this week
According to the data monitoring of SunSirs, as of February 7, the price of DOP was 10,340 RMB/ton, down 3.45% from the price of 10,710 RMB/ton on February 1; Compared with the price of 10,310 RMB/ton at the end of last week, up 0.29%. The demand was still weak, and the DOP market rose first and then fell.
The price of raw material 2-EH rose first and then fell
According to the price monitoring of SunSirs, as of February 7, the price of 2-EH was 10,166.67 RMB/ton, down 3.48% from the price of 10,533.33 RMB/ton on January 29; Compared with the price of 10,666.67 RMB/ton on February 1, the price fell by 4.69%.Replenishment after the Spring Festival was poor, downstream demand remained weak, the price of 2-EH rose first and then fell, the cost of DOP raw materials fell in shock, and the upward momentum of DOP weakened and the downward pressure increased.
The price of raw material PA fluctuated and rose
According to the price monitoring of SunSirs, as of February 7, the quotation of OX method PA was 8,250 RMB/ton, up 0.30% from the price of 8,225 RMB/ton on February 1; The price rose by 2.17% from the price of 8,075 RMB/ton on January 29 at the weekend. Replenishment after the holiday, the cost of PA rose, the price of PA rose, the cost of DOP rose, and the rising power of DOP increased.
Market outlook
DOP data analysts of SunSirs believe that the price of 2-EH, the raw material, rose first and then fell, the price of PA rose slightly in shock, the cost of DOP fell, and the downward pressure on DOP increased. DOP costs fell and demand was weak. The price of DOP is expected to fall in shock.
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