DOP Guidance: Domestic DOP Market Runs Smoothly on September 20
DOP Guide: Yesterday, the domestic DOP market ran smoothly, crude oil continued to fall, mentality pressure, raw material octanol and phthalic anhydride led high-cost support still exists, driving maintenance prices, but the demand follow-up is insufficient, downstream and traders are cautious to buy, catch up with high risk and environmental impact, still just needed level. Reference prices in East China range from 8250 to 8300 yuan per ton, those in South China range from 8300 to 8400 yuan per ton and those in North China range from 8000 to 8150 yuan per ton. Future market forecast: terminal demand is not guaranteed, short-term market consolidation is expected to dominate, digestion of growth, new orders follow-up is limited.
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