This week, the price of isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the price of isooctanol was 9760 yuan/ton, a fluctuating decrease of 0.91% compared to the price of 9850 yuan/ton on July 5th last weekend; Compared to the price of 9860 yuan/ton of isooctanol quoted on July 8th at the beginning of this week, the price has decreased by 1.01%; Compared to the price of 9710 yuan/ton on July 1st at the beginning of the month, the price of isooctanol fluctuated and increased by 0.51%. This week, the price of isooctanol fluctuated and fell. Downstream factories purchased according to demand, and the enthusiasm of enterprises for raw material procurement temporarily stabilized. Shandong large factories sold at a discount, and the market transaction center shifted downwards. The new orders in the isooctanol market increased, and the support for the rise of isooctanol still exists.
This week, the price of raw material propylene fluctuated and rose
According to the Business Society’s propylene commodity market analysis system, as of July 12th, the price of propylene was 7195.75 yuan/ton, a fluctuating increase of 0.42% compared to the price of 7165.75 yuan/ton on July 5th; Compared to July 8th, the price of propylene fluctuated and rose by 7113.25 yuan/ton, a decrease of 1.16%; Compared to July 1st, the price of propylene fluctuated and rose by 7133.25/ton, with an increase of 0.88%. Crude oil prices have fluctuated and fallen, propane prices have fluctuated and risen, and propylene cost support has increased. This week, propylene prices have fluctuated and risen; The downstream production of propylene is stable, downstream customers purchase at low prices, propylene manufacturers have average shipments, the supply and demand of propylene market are weak, and propylene prices fluctuate and rise.
Downstream plasticizer prices fluctuated and fell this week
According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the price of plasticizer DOP was 9912.50 yuan/ton, which fluctuated and fell by 0.75% compared to the DOP price of 9987.50 yuan/ton on July 5th last weekend; Compared to Monday, July 8th, the price of 10000 yuan/ton fluctuated and fell by 0.88%; Compared to the DOP price of 9862.50 yuan/ton on July 1st, it first rose and then fell, with an increase of 0.51%. The market for phthalic anhydride, a raw material for plasticizers, has fluctuated and stabilized, while the price of isooctanol has fluctuated and fallen. The cost of plasticizers has also decreased, and the price of plasticizers has fluctuated and fallen this week. Downstream manufacturers are in the off-season, with low production and poor demand for plasticizers, which weakens the support for the rise in plasticizers.
Future expectations
According to the data analyst of Business Society’s octanol product, in terms of cost, the price of propylene has fluctuated and risen, while the cost support of isooctanol still exists; In terms of supply, isooctanol manufacturers offer discounts on sales, resulting in an increase in new orders and shipments; In terms of demand, the prices of downstream plasticizers of isooctanol have fluctuated and fallen, resulting in poor downstream demand. Overall, the tight supply and demand of isooctanol are not good, and cost support still exists. It is expected that the price of isooctanol will remain weak and consolidate in the future.
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