On January 13, Shandong Shengfeng Chemical Co., Ltd. quoted the execution price of DOP at 7,305 yuan/ton, down by 100 yuan/ton. PriceSeek's analysis of DOP shows a long-short score of -1. The execution price of DOP from Shandong Shengfeng Chemical Co., Ltd. fell by 100 yuan/ton to 7,305 yuan/ton, indicating oversupply or weak demand pressure in the spot market. This decline may be attributed 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.
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