SunSirs: The Domestic DOP Market Rose on October 23rd

Price trend

On October 23rd, the DOP market in Jiangsu region rebounded, with a quoted price of 9,250 RMB/ton. The DOP market in Shandong had rebounded, with a quoted price of 9,100 RMB/ton; The DOP market in Zhejiang has rebounded, with a quoted price of 9,350 RMB/ton.

Analysis review

On October 23rd, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH remained strong and consolidated, and the cost of DOP raw materials remained strong and consolidated. DOP enterprises had temporarily stabilized their operations, and downstream market conditions were stabilizing. Downstream procurement was mainly based on essential needs, and downstream customers had a general willingness to lower prices. The transaction price was subject to negotiation. The DOP quotation was 9,100-9,350 RMB/ton, and the quotation had increased, resulting in an increase in the actual transaction price. The positive side of the DOP market still existed, while the negative side weakened, and the DOP market was consolidating strongly.

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