DOP market was weakly consolidated this week
According to the Commodity Market Analysis System of SunSirs, as of April 23, the DOP price was 9,875.83 RMB/ton, a decrease of 0.59% compared to the DOP price of 9,934.17 RMB/ton on April 16. Plasticizer manufacturers were operating at a low and stable level, with sufficient supply in the plasticizer market. Downstream purchases were in needed, and customers had average purchasing enthusiasm. The market transaction atmosphere was cold, and the DOP market was weakly consolidated this week.
Market situation of raw material products
According to the Commodity Market Analysis System of SunSirs, as of April 23, the quotation for OX method PA was 8,425 RMB/ton, a decrease of 1.61% compared to the price of 8,562.50 RMB/ton on April 16. The price of OX stabilized, the cost of PA stabilized, and the upward support ha weakened. Downstream demand was poor, and the market for PA remained stagnant this week. In the future, the upward momentum of PA prices will weaken, and the downward pressure will increase.
According to the Commodity Market Analysis System of SunSirs, as of April 23, the price of 2-EH was 9,142.86 RMB/ton, a decrease of 0.31% compared to the price of 2-EH on April 16, which was 9,142.86 RMB/ton. This week, the starting point of 2-EH enterprises was low and temporarily stabilized, the supply of 2-EH decreased, and the start of demand side plasticizer enterprises temporarily stabilized. In the future, 2-EH will mainly consolidate in shock.
Market outlook
SunSirs plasticizer product data analysts believe that this week, the prices of raw materials for plasticizer DOP, PA and 2-EH, had fluctuated and fallen, DOP costs decreased and downward pressure on DOP increased. On the demand side, the downstream demand market was weak, and downstream enterprises of plasticizers had poor purchasing enthusiasm. Overall, costs decreased, demand was weak, and the plasticizer market will consolidate in a weak manner.
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