Post-holiday DOP Market Trends and Outlook Review

The DOP market in Asia is weak and the prices are slightly lower. Affected by the lack of buyers' entry, the market lacked effective negotiations and the transaction atmosphere was light. The mood of traders was stable and the quotation was slightly reduced. Currently, the Far Eastern DOP CIF price was between 1744-1746 USD/ton, down by 5 USD from the previous week. Ton; Southeast Asian DOP CIF in the 1769-1771 US dollars / ton, compared to a week before the decline of 5 US dollars / ton; European DOP market sideways, DOP FOB Northwest Europe in the 2000-2005 US dollars / ton, unchanged from a week ago The US DOP market rose slightly. The US Gulf DOP FOB price was 102-104 cents/lb, up 3 cents/lb from a week ago.

After the holiday, the operating rate of domestic DOP devices was not high, but the manufacturers shipped poorly and the prices gradually decreased. Shandong DOP manufacturers have a certain inventory, the price fell slightly, the mainstream factory price in the 13200-13300 yuan / ton, compared with the holiday before fell 100 yuan / ton; Jiangsu and Zhejiang DOP manufacturers weak sales, high-end prices slightly lower, the mainstream offer at 13500 -13,500 yuan/ton, down 100 yuan/ton from the holiday before the holiday; sales of major DOP manufacturers in southern China are weak, with mainstream quotes at 13700-13800 yuan/ton, and low-end prices falling by 100 yuan/ton before the holiday; DOP devices in Hebei The start-up was low, but the manufacturers shipped slowly, prices fell slightly, and the mainstream offer was at 13350-13450 yuan/ton.

The DOP market in East China was weak and the price shocks were lower. After the holiday season, the market demand was light, the buyers had a clear wait-and-see attitude, the traders shipped poorly, and the prices were gradually lowered. At present, the mainstream offer is 13500-13600 yuan/ton, and the actual transaction is 13400-13500 yuan/ton.

The transaction atmosphere of the South China DOP market was deserted, and the price was weak. The post-holiday market lacks active buying. The focus of negotiations continued to move downwards, and the atmosphere was poor. The sales rate of traders slowed down and prices continued to decrease. The mainstream market price is 13700-13800 yuan/ton, and the actual negotiation is 13600-13700 yuan/ton.

The market atmosphere of North China’s DOP has been depressing and prices have continued to fall. The post-holiday market slumped, buyers’ interest in receiving goods was low, traders’ inventory gradually increased, shipments slowed, and quotations fell slowly. The mainstream quoted price was 13400-13500 yuan/ton, and the actual transaction was 13300-13400 yuan/ton.

Market comment. After the holiday, the traders returned to the market and the price was slowly lower. At present, the trend of raw materials in the upstream is weak, and market participants continue to look down on expectations, resulting in weak DOP cost support, lower intentions for buyers to buy, apparently loose supply, and higher intentions for traders to ship. However, due to the narrow space of DOP manufacturers' profit, there is little room for short-term market price drop.