SunSirs: On January 25th, the Domestic DOTP Market Weakened and Consolidated
January 26 2024 10:06:36 SunSirs (John)
Price trend
On January 25th, the DOTP market in Jiangsu remained stable with a price of 11,800 RMB/ton. The DOTP market in Shandong region was temporarily stable at a price of 11,700 RMB/ton, while the DOTP market in Zhejiang region was temporarily stable at a price of 11,900 RMB/ton.
Analysis review
On January 25th, the PTA market of DOTP raw materials showed a strong consolidation, with prices of 2-EH fluctuating and falling. The cost of DOTP raw materials was weak and stabilizing, while PVC prices were consolidating. Downstream demand for essential procurement was weak, and market transaction enthusiasm was average. DOTP enterprises saw stable equipment production and stable supply of plasticizers. The market for plasticizer DOTP had weakened with good news and there were still negative news. The transaction price was based on the negotiated price, with DOTP prices ranging from 11,700 to 11,800 RMB/ton. The DOTP market was weak and temporarily stable.
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