February 9th News
On February 9th, Zhejiang Hongbo New Material Technology Co., Ltd. operated its 50,000-ton plasticizer production equipment at a low load. The ex-factory price of DOTP was quoted at 8,100 yuan/ton, a decrease of 200 yuan/ton.
Chempricehub Analysis on DOTP
Bull-Bear Score: -1
The ex-factory price of DOTP dropped by 200 yuan/ton to 8,100 yuan/ton, indicating ample market supply or weak demand. The low load of production equipment further reflects insufficient demand, exerting a generally bearish impact on spot prices. The score is -1, as the price decline is significant but not yet at a major level, possibly due to inventory pressure or reduced downstream procurement.