[DOTP]: DOTP market morning reminder (20240410)

1. Points of concern

   
   

2. 4/9: Tensions in the Middle East have temporarily eased, traders took profits, and international oil prices fell.

   
   

   3. The low-end price of octanol market is moving closer to the high-end.

   4. Transactions at high prices in the DOTP market were light.

   5. 4/9: The spot price of PTA closed down 10 yuan/ton to 5975 yuan/ton, and the spot average basis stabilized at 2405-11 yuan.

   Core logic: Demand transactions are weak, and DOTP prices are under pressure.