SunSirs: On August 23rd, the Domestic DOP Market Rose
August 24 2023 10:37:36 SunSirs (John)
Price trend
On August 23rd, the DOP market in Jiangsu Province rose with a quotation of 11,900 RMB/ton. The DOP market in Shandong region rose with a quotation of 11,800 RMB/ton, while the DOP market in Zhejiang region rose with a quotation of 12,000 RMB/ton.
Analysis review
On August 23rd, the market for DOP raw material PA stabilized, the price of 2-EH rose strongly, the cost of DOP raw material increased.
DOP enterprises started operating at low loads, DOP supply temporarily stabilized, downstream market stabilized, downstream demand was average, and market transactions were temporarily stable. The transaction price was subject to negotiation, and DOP was quoted at 11,700 to 12,000 RMB/ton, but the actual transaction price increased.
Market outlook
The downward pressure on the DOP market has weakened, and the upward momentum has increased. In the future, the DOP market will rise.
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