SunSirs: The Domestic DOP Market Rose on November 12th

Price trend

On November 12th, the DOP market in Jiangsu Province rose, with a quoted price of 9,400 RMB/ton. The DOP market in Shandong had risen, with a quoted price of 9,250 RMB/ton; The DOP market in Zhejiang had risen, with a quoted price of 9,500 RMB/ton.

Analysis review

On November 12th, the market for DOP raw material PA fluctuated and stabilized, 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, and downstream market conditions were stabilizing. Downstream demand was mainly driven by basic needs, and downstream customers had a general willingness to lower prices. The transaction price was subject to negotiation. The DOP quotation was 9,250-9,500 RMB/ton, and as the quotation increased, the actual transaction price also increased. The bullish trend in the DOP market had increased, while the bearish trend had weakened, leading to an increase in the DOP market.

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