Chempricehub Alert: Shengfeng Chemical's DOP quotation has dropped by 100 yuan.

January 13th News: On January 13th, Shandong Shengfeng Chemical Co., Ltd. executed a DOP quotation of 7,305 yuan per ton, a decrease of 100 yuan per ton. Chempricehub analyzed DOP with a long-short score of -1. Shandong Shengfeng Chemical Co., Ltd.'s DOP execution quotation fell by 100 yuan per ton to 7,305 yuan per ton, indicating that the spot market is facing pressure from oversupply or weak demand. This decline may be due to reduced demand from the downstream plastics industry or lower raw material costs. It is expected that spot prices will continue to face downward pressure in the short term, negatively impacting market sentiment.