Recent price trends of isooctanol
According to the Commodity Analysis System of Business Society, the price of isooctanol in the Shandong region fluctuated and increased this week. This week, the average price of isooctanol in the mainstream market in Shandong region increased from 12962.50 yuan/ton at the beginning of the week to 13000 yuan/ton at the end of the week, an increase of 0.29%. Weekend prices increased by 32.20% year-on-year. On January 15th, the Isooctanol Commodity Index was 95.04, a decrease of 0.55 points from yesterday, a decrease of 30.88% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 170.38% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)
Increased upstream support and better downstream demand
From the supply side perspective, the mainstream manufacturers of Shandong isooctanol have slightly increased their quotations this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market has slightly increased this week, with prices rising from 6638.25 yuan/ton at the beginning of the week to 6670.75 yuan/ton at the end of the week, an increase of 0.49%, and a year-on-year decrease of 9.00% in weekend prices. The upstream raw material market prices have slightly increased, leading to increased cost support and a positive impact on the price of isooctanol due to the impact of supply and demand.
From the downstream market situation of isooctanol, the DOP market price fluctuated and increased this week. The DOP price increased from 12091.67 yuan/ton at the beginning of the week to 12120 yuan/ton on the weekend, an increase of 0.23%, and the weekend price increased by 20.96% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.
Future prospects
In mid to late January, the market for isooctanol in Shandong may experience a slight fluctuation and decline. The upstream propylene market has slightly increased, with increased cost support. The downstream DOP market has slightly increased, and downstream demand is good. Business Society Isooctanol analysts believe that in the short term, the domestic Isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.
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