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How palm oil prices are affecting the global economy

                                               
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Factory Supply High Purity Plasticizer DOP Dioctyl Phthalate

                                               
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  • What is the price trend of DOP (dioctyl phthalate)?
  • The price trend for DOP (Dioctyl Phthalate) is estimated to improve on the back of growing momentum of the downstream automotive industries and improving global economic parameters. According to Procurement Resource, DOP (Dioctyl Phthalate) Price Trend for the October - December of 2023.
  • What is the price of dioctyl phthalate (DOP) in South Korea?
  • However, the high Consumer Price Index and weak economic situation dampened consumer spending, impacting downstream demand for plasticizers like DOP. The latest price of Dioctyl Phthalate (DOP) FOB Busan in South Korea for December 2023 is USD 1500/MT.
  • What was the price of dioctyl phthalate (DOP) spot ex- Shanghai in October?
  • In conclusion, the product offtakes were mild, and the price of Dioctyl Phthalate (DOP) Spot Ex- Shanghai assembled at USD 1454/MT in October after a monthly slide of 3.2% in product pricing.
  • 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 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.
  • 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.