SunSirs: The Domestic DOP Market Experienced a Decline on February 19th

Price trend

On February 19th, the DOP market in Jiangsu fell, with a quoted price of 8,500 RMB/ton. The DOP market in Shandong has declined, with a quoted price of 8,400 RMB/ton; The DOP market in Zhejiang region has fallen, with a quoted price of 8,600 RMB/ton.

Analysis review

On February 19th, the market for DOP raw material PA fluctuated and fell, the price of 2-EH fell, and the cost of DOP raw materials decreased. DOP enterprises had stable production, downstream market conditions were stabilizing, and downstream demand was the main factor. Downstream customers had a general willingness to purchase at a lower price, and the transaction price is subject to negotiation. The DOP quotation was 8,400-8,600 RMB/ton, and the quotation 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, leading to a decline in the DOP market.

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