The Domestic DOP Market Remained Stable Temporarily on August 20th

Price trend

On August 20th, the DOP market in Jiangsu was weakly consolidating, with a quoted price of 8,900 RMB/ton. The DOP market in Shandong region was weak and consolidating, with a quoted price of 8,800 RMB/ton; The DOP market in Zhejiang region was weakly consolidating, with a quoted price of 9,000 RMB/ton.

Market outlook

On August 20th, the market for DOP raw material PA stabilized, the price of 2-EH stabilized, and the cost of DOP raw materials stabilized. 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 8,800-9,000 RMB/ton, which was weakly consolidating, but the actual transaction price was stabilizing. The positive side of the DOP market still existed, while the negative side weakened, and the DOP market was weakly consolidating.