green eco-friendly dop oil price dop oil price nigeria

  • green eco-friendly dop oil price dop oil price nigeria
  • green eco-friendly dop oil price dop oil price nigeria
  • green eco-friendly dop oil price dop oil price nigeria
  • Which country produces the most oil in Africa?
  • Nigeria is one of Africa’s main oil producers. With 15 operating pipelines and an average daily production of some 1.5 million barrels in 2023, Nigeria is the fifteenth largest oil producer worldwide. Moreover, the petroleum industry accounts for about 5.5 percent of Nigeria’s GDP and for around 92 percent of the value of all exports.
  • Why is DOP a low price?
  • The domestic market's demand for DOP kept declining, and the price pressure on 2-EH (2 Ethyl Hexanol) and PA (Phthalic Anhydride) as feedstock also slowed. However, its price has dropped to a low point due to adverse market sentiments and sluggish end-use industry offtakes.
  • 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.
  • What impacted the DOP price in South Korea in Q2 2024?
  • The quarter culminated with the DOP price settling at USD 1520/MT FOB Busan in South Korea, underscoring the adverse market conditions. Overall, the Q2 2024 pricing environment for DOP in South Korea, and the broader APAC region, was decidedly negative, driven by an array of detrimental factors influencing both supply and demand dynamics. Europe
  • Could Nigeria be a pioneer in promoting green economy development?
  • The opportunities in terms of green economy are linked to the enormous possibilities for sustainable agriculture, renewable energy, ecotourism, and coastal development. Nigeria's commitment to harnessing its natural resource potential could make the country a pioneer in promoting green economy development.
  • Why did DOP prices remain low in August?
  • In August, DOP prices remained low due to increasing inventory levels and sluggish demand from the plasticizer sector, along with declining export purchasing activity. Overall, the third quarter was marked by a sluggish DOP market, with downward price pressure due to weak demand and uncertain market dynamics.

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