SunSirs: The Domestic DOP Market Rose on October 8th
October 08 2024 16:35:10 SunSirs (John)
Price trend
On October 8th, the DOP market in Jiangsu Province rose, with a quoted price of 9,200 RMB/ton. The DOP market in Shandong had risen, with a quoted price of 9,000 RMB/ton; The DOP market in Zhejiang had risen, with a quoted price of 9,300 RMB/ton.
Analysis review
On October 8th, the market for DOP raw material PA fluctuated and rose, and the price of 2-EH fluctuated and rose, resulting in an increase in DOP raw material costs. DOP enterprises temporarily stabilized their operations, downstream market conditions were stabilizing, and downstream demand was mainly driven by urgent needs. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. The DOP quotation was 9,000-9,300 RMB/ton, and as the quotation increased, the actual transaction price also increased. The bullish trend in the DOP market had increased, while the bearish trend had weakened, leading to an increase in the DOP market.
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