SunSirs: On December 6, Domestic DOP Market Was Adjusted Weakly
December 07 2022 14:29:13 SunSirs (John)
Price trend
On December 6, the DOP market in Jiangsu was temporarily stable, offering 9,800 RMB/ton. The DOP market in Shandong was temporarily stable, offering 9,700 RMB/ton, while the DOP market in Zhejiang was temporarily stable, offering 10,000 RMB/ton.
Analysis review
On December 6, the market of PA as DOP raw material was adjusted by shocks, the price of 2-EH was stabilized by shocks, the cost of DOP raw material was weak and stabilized, and DOP enterprises started to work stably, with sufficient DOP supply.
The downstream market was weak, the downstream demand was general, and the market transaction situation was poor. The transaction price was subject to the negotiated price. The DOP quotation was 9,600-9,900 RMB/ton, and the actual transaction price had stabilized.
Market outlook
The DOP market has great downward pressure, and the upward momentum remains. The future DOP market is weak and to be stable.
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