industrial grade DOP Price Trends-Procurement Resource

  • industrial grade DOP Price Trends-Procurement Resource
  • industrial grade DOP Price Trends-Procurement Resource
  • industrial grade DOP Price Trends-Procurement Resource
  • What is the price trend of DOP (dioctyl phthalate)?
  • The price trend for DOP (Dioctyl Phthalate) is estimated to improve on the back of growing momentum of the downstream automotive industries and improving global economic parameters. According to Procurement Resource, DOP (Dioctyl Phthalate) Price Trend for the October - December of 2023.
  • What factors impacted the DOP market in South Korea?
  • One significant factor was the overall weak demand from key industries such as construction and automotive, which led to reduced consumption and downward pressure on prices. Additionally, the presence of competitive pricing strategies from China further impacted the market, making it challenging for South Korean DOP manufacturers.
  • How did DOP market perform during a weak economic era?
  • During the weak economic era, DOP traders managed inventories to meet the product requirements throughout the quarter. According to US Price Index for the PVC sector, improvements from 338.1 (March) to 344.7 (April) were observed amid a shortage of homes for sale, which remained unaffected by DOP prices.
  • How did the restocking of crude oil affect the DOP market?
  • The hesitation to restock inventories further slowed market circulation, deepening the cautious sentiment in the DOP market. Additionally, the recent depreciation in upstream crude oil prices provided further relief to DOP prices. Terminal demand remained weak, with traders unsure of market direction.
  • How is the DOP market influenced by the PVC sector?
  • The DOP market is highly influenced by the downstream PVC sector, which is used as a key housing factor in the construction industry. The construction sector was growing in Europe amidst an increase in sales for in-built houses. Due to the rising prices for rental houses, consumers' enthusiasm towards the houses is hampering sales.
  • How did DOP prices change in South Korea?
  • Generally, DOP prices were influenced by limited regional supplies, moderate to high demand from the downstream industry, and fluctuations in raw material costs. In South Korea, the market witnessed the most significant price changes, with a price increase of 3.8% in December 2023 and remaining stable in January 2024.

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