SunSirs: The Domestic DOP Market Remained Stable Temporarily on November 6th
November 07 2024 09:13:10 SunSirs (John)
Price trend
On November 6th, the DOP market in Jiangsu region stabilized, with a quoted price of 9,200 RMB/ton. The DOP market in Shandong region was stabilizing, with a quoted price of 9,100 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quoted price of 9,300 RMB/ton.
Analysis review
On November 6th, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH fluctuated and rose, and the cost of DOP raw materials fluctuated and rose. 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. The DOP quotation was 9,100-9,300 RMB/ton, and as the quotation increases, the actual transaction price also increased. The bullish trend in the DOP market had increased, while the bearish trend still existed. The DOP market was consolidating strongly.
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