SunSirs: The domestic DOP Market Was Weakly Consolidating on December 9th

Price trend

On December 9th, the DOP market in Jiangsu Province was weakly consolidating, with a quoted price of 8,800 RMB/ton. The DOP market in Shandong region was weak and stabilizing, with a quoted price of 8,700 RMB/ton; The DOP market in Zhejiang region was weak and stabilizing, with a quoted price of 8,900 RMB/ton.

Analysis review

On December 9th, the market for DOP raw material PA fluctuated and fell, with 2-EH prices weakly consolidating and DOP raw material costs weakly consolidating. DOP enterprises have 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 8,700-8,900 RMB/ton, with weak consolidation in the quotation and weak consolidation in the actual transaction price. The bullish trend in the DOP market has weakened, while the bearish trend still existed. The DOP market was weakly consolidating.

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