February 5th News
On February 5th, Zhenjiang Liancheng Chemical Industry Co., Ltd. announced the ex-factory price for its annual production of 260,000 tons of plasticizer, DOP, at 7,900 yuan per ton, representing a decrease of 50 yuan per ton.
Chempricehub Analysis of DOP
Bull-Bear Score: -1
The ex-factory price of DOP has dropped by 50 yuan per ton, from 7,900 yuan per ton to 7,850 yuan per ton, indicating either ample market supply or weakened demand, exerting downward pressure on spot prices. This event reflects bearish sentiment on the production side, which may stem from increased inventory or a slowdown in downstream procurement, constituting a generally bearish factor.