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  • 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.
  • 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.
  • Why did DOP prices fall in Germany?
  • In Germany, where the most significant price changes occurred, market dynamics closely mirrored broader regional trends. German DOP prices fell sharply, driven by high production costs and weak downstream demand, particularly from the plasticizer industry.
  • 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
  • Will DOP prices continue moving south in Q1 of 2024?
  • These factors combined contributed to a reduction in DOP costs during the mid of the month. The latest analysis suggests that DOP prices are expected to continue moving southward in Q1 of 2024 as the recent fluctuations in the raw material 2-EH and the decline in the PA market are anticipated to weaken the cost support for plasticizer DOP.
  • What is DOP used for?
  • DOP is extensively used as a plasticizer for polyvinyl chloride (PVC), polyisoprene (PI) and polystyrene (PS). and also used as hydraulic fluid and dielectric fluid in capacitors. Thus, applications of DOP include flexible PVC, paints and coatings, printing inks, adhesives and sealants, lacquers, etc.

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