SunSirs: On August 2nd, the Domestic DOP Market Rose
August 03 2023 10:31:24 SunSirs (John)
Price trend
On August 2nd, the DOP market in Jiangsu Province rose with a quotation of 10,800 RMB/ton. The DOP market in Shandong region had risen with a quotation of 10,700 RMB/ton, while the DOP market in Zhejiang region had risen with a quotation of 10,900 RMB/ton.
Analysis review
On August 2nd, the market of DOP raw material PA fluctuated and increased, the price of 2-EH fluctuated and increased, and the cost of DOP raw materials fluctuated and increased.
DOP enterprises started operating at low loads, the supply of DOP was sufficient, the downstream market was recovering, the downstream demand was stable, and the market transaction situation was temporarily stable. The transaction price was subject to negotiation, and the DOP quotation was 10,700-10,900 RMB/ton, and the actual transaction price had increased.
Market outlook
The downward pressure on the DOP market has weakened, and the upward momentum has increased. The DOP market will rise in the future.
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