SunSirs: The Domestic DOP Market Stabilized on August 30th

Price trend                               

On August 30th, the DOP market in Jiangsu remained stable, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong region was temporarily stable, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region was temporarily stable, with a quoted price of 8,800 RMB/ton.

Analysis review                      

On August 30th, the market for DOP raw material PA stabilized, the price of 2-EH stabilized, and the cost of DOP raw materials temporarily stabilized. DOP enterprises 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 stabilizing. The bullish trend in the DOP market had weakened, while the bearish trend still existed. The DOP market was temporarily stable.

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