SunSirs: The Domestic DOP Market Experienced a Decline on December 3rd
December 04 2024 10:44:34 SunSirs (John)
Price trend
On December 3rd, the DOP market in Jiangsu fell, with a quoted price of 8,800 RMB/ton. The DOP market in Shandong had declined, with a quoted price of 8,700 RMB/ton; The DOP market in Zhejiang region had fallen, with a quoted price of 9,000 RMB/ton.
Analysis review
On December 3rd, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH fluctuated and fell, resulting in a decrease in DOP raw material costs. DOP enterprises had 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. DOP was quoted at 8,700-9,000 RMB/ton, but the quoted price had decreased, resulting in a decrease in the actual transaction price. The bullish trend in the DOP market had weakened, while the bearish trend had increased, resulting in a decline in the DOP market.
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