December 29th News
On December 29th, Shandong Shengfeng Chemical Co., Ltd. implemented a DOP quotation of 7,155 yuan per ton, representing an increase of 50 yuan per ton. Chempricehub analyzed DOP with a long-short score of 1. The spot price of DOP rose by 50 yuan per ton to 7,155 yuan per ton, directly reflecting tight market supply or increased demand, which is favorable for spot prices. This increase may be driven by demand from downstream plastic industries or rising raw material costs, supporting the spot market in the short term. However, attention should be paid to subsequent supply and demand changes to avoid excessive optimism.