February 12th News
On February 12th, Zhenjiang Liancheng Chemical Industry Co., Ltd. announced the ex-factory price of DOP, a plasticizer with an annual production capacity of 260,000 tons, at 7,650 yuan per ton, marking a decrease of 100 yuan per ton.
Chempricehub Analysis on DOP
Bull-Bear Score: -1
The ex-factory price of DOP has dropped by 100 yuan per ton to 7,650 yuan per ton, indicating either ample market supply or weak downstream demand, which exerts bearish pressure on spot prices. This price reduction may stem from inventory pressures within the plasticizer industry or seasonal demand weakening, leading to intensified downward pressure on spot prices.