This week, the price of isooctanol stopped falling and stabilized

This week, the price of isooctanol stopped falling and stabilized

According to the Commodity Market Analysis System of Business Society, as of June 24th, the price of isooctanol was 9880 yuan/ton, a fluctuation decrease of 1.00% compared to the price of isooctanol on June 17th, which was 9980 yuan/ton; Compared to June 14th, the price of isooctanol fluctuated and decreased by 1.59% to 10040 yuan/ton. This week, the price of isooctanol has fluctuated and fallen, and downstream factories are facing difficulties in sales. Enterprises have average enthusiasm for raw material procurement. Shandong’s large factories have average shipments, while the price of isooctanol has declined narrowly, with downstream purchases mainly focused on small orders. The manufacturer’s shipments are poor, downstream customers have a strong demand for procurement, and the support for the rise of isooctanol is weakened.

This week, the high price of raw material propylene has fallen back

According to the propylene commodity market analysis system of Business Society, as of June 24th, the propylene quotation was 7165.75 yuan/ton, a decrease of 1.82% compared to the propylene price of 7298.25 yuan/ton on June 17th; The price of propylene increased by 2.47% compared to 6993.25 yuan/ton on June 14th. Crude oil prices have fluctuated and risen, with increased support for propylene costs. This week, propylene prices rose first and then fell; Downstream production of propylene has decreased, downstream customers have just needed to purchase, and propylene manufacturers have average shipments. The supply and demand of the propylene market are weak, and the price of propylene is consolidating at a high level.

Downstream plasticizer prices have fluctuated and fallen this week

According to the Commodity Market Analysis System of Shengyishe, as of June 24th, the price of plasticizer DOP was 10075 yuan/ton, a fluctuation decrease of 1.35% compared to the DOP price of 10212.50 yuan/ton on June 17th; Compared to June 14th, the DOP price of 10250 yuan/ton decreased by 1.71%. The market for plasticizer DOP raw material phthalic anhydride has stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizer DOP has decreased, and the production of plasticizer DOP enterprises is stable. The supply of plasticizer DOP is sufficient. Downstream construction is expected to rise, and demand is stabilizing. The support for the rise of plasticizers still exists.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices are consolidating at a high level, while support for the cost of isooctanol still exists; On the supply side, iso octanol manufacturers have low inventory and average shipments; In terms of demand, downstream plasticizer product prices of isooctanol have fluctuated and fallen, and downstream demand will stabilize in the future. Overall, the supply of isooctanol is tightening and demand is stabilizing, while cost support still exists. It is expected that the price of isooctanol will fluctuate and consolidate in the future.