On January 5, Shandong Shengfeng Chemical Co., Ltd. executed a DOP quotation at 7,255 yuan/ton, representing an increase of 50 yuan/ton. PriceSeek analysis of DOP, with a bullish-bearish score of 1: The DOP quotation of Shandong Shengfeng Chemical Co., Ltd. rose by 50 yuan/ton to 7,255 yuan/ton, indicating a tight supply-demand balance in the spot market or strengthened cost support, which is favorable for spot prices. This increase may stem from fluctuations in raw material prices or a recovery in downstream demand. It is expected to boost market confidence in the short term, but attention should be paid to the overall trend of chemical products and the impact of the company's actual transaction volume.
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