SunSirs: Under the Support of Cost, the Price of DOP Fluctuated and Rose This Week
March 07 2023 14:29:30 SunSirs (John)
The price of DOP rose in shock this week
According to the data monitoring of SunSirs, as of March 6, the price of DOP was 10,020 RMB/ton, up 0.80% from the price of 9,940 RMB/ton on February 27. This week's cost support remained, DOP production enterprises started to resume, and this week's DOP market fluctuated and rose.
The price of raw material 2-EH rose in shock
According to the price monitoring of SunSirs, as of March 6, the price of 2-EH was 9,471.43 RMB/ton, up 4.46% from the price of 9,066.67 RMB/ton on February 27. Downstream demand was slowly recovering, and downstream customers were often looking for bargains to replenish stocks. This week, the price of 2-EH fluctuated and rose, the cost of DOP raw materials rose, and the rising power of DOP increased.
The market of raw material PA fluctuated and rose
According to the price monitoring of SunSirs, as of March 6, the quotation of OX method PA was 8,475 RMB/ton, up 1.80% from the price of 8,325 RMB/ton on February 27. The price of OX rose, and the willingness of PA to stand up was strong. The price of PA rose in shock this week, and the upward momentum of DOP increased.
Market outlook
According to DOP data analysts of SunSirs, the prices of DOP raw materials, 2-EH and PA, rose in shock this week, and the cost of DOP rose; DOP enterprises resumed operation, and the supply of DOP increased, but the overall demand growth was less than the supply growth, and the downward pressure of DOP remained. The demand for DOP was slowly recovering and the cost was rising. In the future, it is expected that the price of DOP will fluctuate and rise in the future, but the risk of decline remains.
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