DOP market is sluggish

Sinochem New Reuters China's domestic DOP market is still weak, some areas offer a slight decline in prices, downstream users need to fill in the main, the market outlook is cautious, trading in the doldrums.

The market performance of North China DOP was weak, and the prices of merchants plunged. The ex-factory price was between 12,000 and 12,300 yuan (ton price, the same below). The downstream demand was insufficient, raw material octanol was weak, and trading was generally conducted. The shipment volume of DOP in East China is very low. The price of negotiation is around 12,150 yuan, and users are mainly required for re-adjustment. They are cautious about the market mentality of the market, and they are in a downturn. South China DOP fluctuates limitedly, the market negotiation price is between RMB12,500 and RMB 12,600, and the downstream purchases are on-demand. The overall inquiry is slightly lighter.

The market outlook, DOP manufacturers overall operating rate is not high, low inventory, market supply pressure. However, the operating rate of downstream manufacturers is also low, demand continues to be light, and the market is slowly digesting. In the raw material octanol market, there is still downward pressure, and phthalic anhydride is weakly consolidating. It is expected that the short-term domestic DOP market outlook will continue to be weak and the transaction is still light.