January 12th News: On January 12th, Shandong Shengfeng Chemical Co., Ltd. executed a DOP quotation of 7,205 yuan per ton, representing a decrease of 50 yuan per ton. Chempricehub analyzed DOP with a long-short score of -1. The spot quotation for DOP fell by 50 yuan per ton to 7,205 yuan per ton, indicating increased market supply or weak downstream demand, which generally exerts a bearish influence on spot prices. This may stem from inventory accumulation within enterprises or a slowdown in industry consumption, leading to downward pressure on spot prices.
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