SunSirs: On October 19th, the Domestic DOP Market Stabilized
October 20 2023 10:27:04 SunSirs (John)
Price trend
On October 19th, the DOP market in Jiangsu region saw a strong consolidation, with a quotation of 11,500 RMB/ton. The DOP market in Shandong region was stabilizing with a quotation of 11,400 RMB/ton, while the DOP market in Zhejiang region was stabilizing with a quotation of 11,600 RMB/ton.
Analysis review
On October 19th, the market of DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and stabilized. The cost of DOP raw materials stabilized. DOP enterprises started operating at low loads. DOP supply temporarily stabilized, while the downstream market stabilized. Downstream demand was average, and the market transaction situation was poor. The transaction price was subject to negotiation. DOP was quoted at 11,400-11,600 RMB/ton, but the actual transaction price fell.
Market outlook
The downward pressure on the DOP market has weakened, and the upward momentum still exists. In the future, the DOP market will fluctuate and stabilize.
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