SunSirs: On November 22nd, the Domestic DOP Market Was Consolidated
November 23 2023 10:32:39 SunSirs (John)
Price trend
On November 22nd, the DOP market in Jiangsu Province fluctuated and consolidated, with a quotation of 11,300 RMB/ton. The DOP market in Shandong region had stabilized with a quotation of 11,200 RMB/ton, while the DOP market in Zhejiang region had stabilized with a quotation of 11,400 RMB/ton.
Analysis review
On November 22nd, the market of DOP raw material phthalic anhydride fluctuated and stabilized, the price of isooctanol fluctuated and stabilized, and the cost of DOP raw materials fluctuated and stabilized. DOP enterprises started with low load, the downstream market stabilized, and the downstream demand was average. The market transaction situation was poor, and the transaction price was subject to negotiation. DOP was quoted at 11,200-11,400 RMB/ton, but the actual transaction price was increased.
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 consolidate.
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