DOP Guide: Morning Analysis of DOP Market on March 19

Yesterday, the domestic DOP market continued downward, with a light trading atmosphere. There is no improvement in downstream demand, just need to be normal, the business is under pressure when goods are not moving smoothly. In addition, raw materials octanol and phthalic anhydride are all down-regulated. Under the negative constraints, the phenomenon of lower profits is still widespread. Considering the cost of the industry, fluctuations are also narrow. The market reference price of East China is about 8350-8400 CNY/ton, that of South China is around 8400-8500 CNY/ton, and that of North China is between 8050-8150 CNY/ton. Future market forecast: demand prospects are constrained, new orders are difficult to release. Especially on the basis of continuous exploration of raw materials, it is expected that the market will still have downward space, but basically maintain a narrow range of operation.