Dioctyl Phthalate Prices, Pricing, Demand & Supply
North America In the fourth quarter of 2023, the North American Dioctyl Phthalate (DOP) market experienced a decrease in prices. This quarterly decline was influenced by diminished demand from downstream industries using DOP and abundant supplies. The limited DOP demand in the USA's manufacturing plasticizer sectors was a result of a slow economic recovery and stagnant trading conditions in relevant segments. In anticipation of a price hike due to a new import tariff, buyers temporarily suspended their purchasing activities during this period. Additionally, international factors, such as the Russia-Ukraine war and a drought affecting the Panama Canal, added complexity to the USA's international container logistics in the final quarter of the year. In response to a substantial drop in spot export prices compared to contracted prices, US buyers were engaged in active discussions regarding potential reductions in DOP prices. The disruptions in US shipping caused by Panama Canal...