SunSirs: The Domestic DOP Market Rebounded on August 28th

Price trend                               

On August 28th, the DOP market in Jiangsu rebounded and rose, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong had rebounded and risen, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region rebounded and rose, with a quoted price of 8,800 RMB/ton.

Analysis review                      

On August 28th, the market for DOP raw material PA stabilized, and the price of 2-EH rebounded and rose, resulting in an increase in DOP raw material costs. DOP enterprises had temporarily stabilized their operations, downstream market conditions were stabilizing, and downstream demand was mainly driven by urgent needs. Downstream customers had a general willingness to purchase at a lower price, and the transaction price was subject to negotiation. DOP quotation ranged from 8,600-8,800 RMB/ton, with the quotation stabilizing and the actual transaction price rebounding and adjusting. The positive side of the DOP market had increased, while the negative side still existed. The DOP market had rebounded and risen.

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