SunSirs: The Domestic DOP Market Rose on January 3rd

Price trend

On January 3rd, the DOP market in Jiangsu Province rose, with a quoted price of 8,300 RMB/ton. The DOP market in Shandong has risen, with a quoted price of 8,100 RMB/ton; The DOP market in Zhejiang has risen, with a quoted price of 8,400 RMB/ton.

Analysis review

On January 3rd, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and rose, resulting in an increase in DOP raw material costs. DOP enterprises had stable production, downstream market conditions were stabilizing, and downstream demand was the main factor. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. DOP quotation ranged from 8,100-8,400 RMB/ton, with an increase in quotation resulting in an increase in actual transaction price. The bullish trend in the DOP market had increased, while the bearish trend still existed. The DOP market had risen.

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