Price trend
On November 1st, the DOP market in Jiangsu Province experienced a volatile decline, with a quotation of 11,100 RMB/ton. The DOP market in Shandong region fell with a quotation of 11,000 RMB/ton, while the DOP market in Zhejiang region fell with a quotation of 11,200 RMB/ton.
Analysis review
On November 1st, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH fluctuated and fell. The cost of DOP raw materials decreased, and DOP enterprises started operating at low loads. DOP supply temporarily stabilized, while downstream market conditions stabilized. Downstream demand was average, and the market transaction situation was poor. The transaction price was subject to negotiation. DOP quoted 11,000-11,200 RMB/ton, but the actual transaction price decreased.
Market outlook
The downward pressure on the DOP market has increased, and the upward momentum has weakened. In the future, the DOP market will fluctuate and fall.
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