SunSirs: On December 20th, the Domestic DOP Market Was Weakly Adjusted
December 21 2023 11:28:53 SunSirs (John)
Price trend
On December 20th, the DOP market in Jiangsu region remained weak and stable, with a quote of 12,000 RMB/ton. The DOP market in Shandong region was weak and temporarily stable, with a price of 11,900 RMB/ton. The DOP market in Zhejiang region was weak and temporarily stable, with a price of 12,100 RMB/ton.
Analysis review
On December 20th, the DOP raw material PA market fluctuated and rose, the price of 2-EH fluctuated and stabilized, the cost of DOP raw materials fluctuated and stabilized, DOP enterprises increased production, downstream market stabilized, downstream demand was average, downstream customers had a strong willingness to purchase at lower prices, and the transaction price was subject to negotiation. DOP quoted 11,800-12,000 RMB/ton, and the price remained stable for the time being. The actual transaction price stabilized.
Market outlook
The DOP market is still bullish, but the bearish sentiment is weakening, and the DOP market is weak and stabilizing in the future.
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