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[Industry Focus]：Octanol rises fiercely, DOP rises and falls again? How to go after the market?

Read： 460 Time：2months ago Source：金联创

Data source: Jin Lianchuang

octanol and DOP market rally significantly before 1. Dragon Boat Festival

before the Dragon Boat Festival, the domestic octanol and DOP industry experienced a significant rally. Octanol Market Price pushed up to more than 10,000 yuan, DOP market prices also rose simultaneously. This rally was mainly driven by the strong rise in the price of raw material octanol, as well as the impact of the news of temporary shutdown and overhaul of some devices, which enhanced the willingness of downstream users to replenish octanol.

2. octanol strong push DOP market rebound

as the main raw material of DOP, the price change of octanol has a significant impact on the DOP market. Recently, the market price of octanol has risen significantly. Taking Shandong market as an example, the price was 9700 yuan/ton at the end of May, and then rose to 10200 yuan/ton, an increase of 5.15. This rally became the main driver of the DOP market rebound. With the increase in the price of octanol, DOP merchants actively followed up and the market delivery volume increased.

3. DOP market high trading blocked

however, as market prices continue to rise, high new single trading gradually blocked. Downstream users in the face of high-priced DOP products, increased resistance, resulting in a new single trading light. Taking the Shandong market as an example, although the price of DOP rose from 9800 yuan/ton to 10200 yuan/ton, an increase of 4.08, the end-user's willingness to purchase goods decreased under the background of increasing high risk, and the market showed an empty rise.

4. Post-Dragon Boat Festival Market Trend Outlook

after the end of the Dragon Boat Festival holiday, the price of raw material octanol fell at a high level, which had a certain negative impact on the DOP market. Overlay the weakness of the demand side, the DOP market has the phenomenon of making profits. However, given the limited price volatility of octanol and the cost of DOP, the overall decline is expected to be limited. From the mid-line point of view, DOP fundamentals have not changed much, and the market may enter a high correction cycle. But there is also a need to be wary of cyclical rebound opportunities that may arise after the stage falls back. Overall, the market will still show a narrow range of volatility.

5. outlook

to sum up, the domestic octanol and DOP industry experienced a significant rally before the Dragon Boat Festival, but the high trading blocked the market showed a short rise. After the Dragon Boat Festival, the DOP market may see a correction due to the fall in the price of raw material octanol and the weak demand side, but the overall decline is limited.

Source: Jin Lianchuang

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