SunSirs: The Domestic DOP Market Stabilized on December 11th

Price trend

On December 11th, the DOP market in Jiangsu Province stabilized weakly, with a quoted price of 8,700 RMB/ton. The DOP market in Shandong region was weak and stabilizing, with a quoted price of 8,600 RMB/ton; The DOP market in Zhejiang region was weak and stabilizing, with a quoted price of 8,800 RMB/ton.

Analysis review

On December 11th, the market for DOP raw material PA fluctuated and fell, while the price of 2-EH fluctuated and fell, resulting in a decrease in DOP raw material costs. 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. DOP was quoted at 8,600-8,800 RMB/ton, but the quoted price has decreased, resulting in a decrease in the actual transaction price. The bullish trend in the DOP market has weakened, while the bearish trend still existed. The weak trend in the DOP market was stabilizing.

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