SunSirs: The Domestic DOP Market Experienced a Decline on November 20th

Price trend

On November 20th, the DOP market in Jiangsu fell, with a quoted price of 9300 RMB/ton. The DOP market in Shandong has declined, with a quoted price of 9200 RMB/ton; The DOP market in Zhejiang region has fallen, with a quoted price of 9400 RMB/ton.

Analysis review

On November 20th, the market for DOP raw material PA fluctuated and fell, the price of 2-EH fluctuated and fell, and the cost of DOP raw materials fluctuated and fell. DOP enterprises temporarily stabilized their production, and the downstream market stabilized. Downstream demand was the main demand, and downstream customers had a general willingness to purchase at a lower price. The transaction price was subject to negotiation. The DOP quotation was 9,200-9,400 RMB/ton, but the quotation fell, and the actual transaction price decreased. The bullish side of the DOP market weakened, while the bearish side increased, and the DOP market fell.

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