SunSirs: The Domestic DOP Market Rose on December 4th

Price trend

On December 4th, the DOP market in Jiangsu Province rose, with a quoted price of 8,850 RMB/ton. The DOP market in Shandong had risen, with a quoted price of 8,750 RMB/ton; The DOP market in Zhejiang had risen, with a quoted price of 9,000 RMB/ton.

Analysis review

On December 4th, the market for DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and fell. The cost of DOP raw materials remained weak and stabilized. DOP enterprises have 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 negotiate prices. The transaction price was subject to negotiation. DOP quotation ranged from 8,750-9,000 RMB/ton, with the quotation stabilizing and the actual transaction price stabilizing. The positive side of the DOP market still existed, while the negative side weakened, and the DOP market was stabilizing weakly.

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