DOP Market Declined by Around 4% in Oct 2017

DOP Market Review: The Chinese DOP market moved downwards in October 2017. Up to October 30, the closing price of DOP in East China was RMB 8,450/mt, down RMB 350/mt or 3.98% from that at the end of September. After the National Day holiday, the inventory at DOP producers were increasing. Moreover, the demand was weak influenced by the 19^th National Congress. Players were bearish about the market and limited orders were seen. Furthermore, the octanol prices slumped, which weighed on the DOP market.   

Phthalic Anhydride Market Review: The Chinese phthalic anhydride market slid in H1 October and then rebounded at the end of October. Up to October 30, the closing prices of phthalic anhydride produced from o-xylene were RMB 6,950/mt in East China, up RMB 350/mt or 5.30% from the end of September. The closing prices for phthalic anhydride produced from naphthalene were RMB 6,450/mt, up RMB 300/mt or 4.88% from September.