SunSirs: The Domestic DOP Market Remains Stable Temporarily on February 5th

Price trend

On February 5th, the DOP market in Jiangsu remains stable, with a quoted price of 8,500 RMB/ton. The DOP market in Shandong region is temporarily stable, with a quoted price of 8,400 RMB/ton; The DOP market in Zhejiang region is temporarily stable, with a quoted price of 8,600 RMB/ton.

Analysis review

On February 5th, the market for DOP raw material PA fluctuates and stabilizes, the price of 2-EH stabilizes, and the cost of DOP raw materials stabilizes. DOP enterprises have stable production and downstream market conditions are stabilizing. Downstream demand is mainly driven by basic needs, and downstream customers have a general willingness to purchase at a lower price. The transaction price is subject to negotiation. The DOP quotation ranges from 8,400-8,600 RMB/ton, with the quotation stabilizing and the actual transaction price stabilizing. The bullish trend in the DOP market has weakened, while the bearish trend still exists. The DOP market is temporarily stable.

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