SunSirs: The Domestic DOP Market Experienced a Decline on November 15th
November 18 2024 14:50:27 SunSirs (John)
Price trend
On November 14th, the DOP market in Jiangsu region stabilized, with a quoted price of 9,500 RMB/ton. The DOP market in Shandong region was stabilizing, with a quoted price of 9,400 RMB/ton; The DOP market in Zhejiang region was stabilizing, with a quoted price of 9,600 RMB/ton.
Analysis review
On November 15th, the market for DOP raw material PA fluctuated and stabilized, the price of 2-EH fluctuated and stabilized, and the cost of DOP raw materials fluctuated and 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 is subject to negotiation. The DOP quotation was 9,400-9,600 RMB/ton, and the quotation had decreased, resulting in a decrease in the actual transaction price. The bullish side of the DOP market had weakened, while the bearish side still existed, and the DOP market had fallen.
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