Price trend
On May 23rd, the DOP market in Jiangsu Province stabilized with a quotation of 10,000 RMB/ton. The DOP market in Shandong region was stabilizing with a quotation of 9,900 RMB/ton, while the DOP market in Zhejiang region was stabilizing with a quotation of 10,100 RMB/ton.
Analysis review
On May 23rd, the market of DOP raw material PA fluctuated and stabilized, while the price of 2-EH fluctuated and stabilized, the cost of DOP raw materials stabilized. DOP enterprises have started operations steadily, with sufficient supply of DOP. The downstream market was temporarily stable, the downstream demand was average, and the market transaction situation was average. The transaction price was subject to negotiation. The DOP quotation ranged from 9,900 to 10,100 RMB/ton, and the actual transaction price stabilized.
Market outlook
There was still downward pressure on the DOP market, and the upward momentum had weakened. In the future, the DOP market will fluctuate and stabilize.
