SunSirs: The Domestic DOP Market Weakly Stabilized on January 22nd

Price trend

On January 22nd, the DOP market in Jiangsu region stabilized, with a quoted price of 8,550 RMB/ton. The DOP market in Shandong region was stabilizing, with a quoted price of 8,450 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quoted price of 8,650 RMB/ton.

Market outlook

On January 22nd, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH remained weak and consolidated, and the cost of DOP raw materials fluctuated and stabilized. 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. The DOP quotation ranges from 8,400-8,650 RMB/ton, with the quotation stabilizing and the actual transaction price stabilizing. The bullish trend in the DOP market has weakened, while the bearish trend still existed. The DOP market was stabilizing.

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