DOP Guidance: Domestic DOP Market Negative Decline Trend on Aug. 29

DOP Guide: Yesterday, the domestic DOP market was in a downward trend and the trading atmosphere was light. The downstream demand has not improved, the situation of poor goods has been maintained, and the phenomenon of low profits is widespread at the time of pressure, but it also aggravates the bearish sentiment. However, the change of raw materials octanol and phthalic anhydride is limited, and the cost support still exists, so the decline remains narrow. The reference price of East China is about 7600 CNY/ton, the reference price of South China is 7500-7600 CNY/ton, and the reference price of North China is 7300-7400 CNY/ton. Future market forecast: terminal demand will remain weak, but the cost transmission led by raw materials will remain. It is expected that the market will remain weak on the basis of moving goods.