This week, the price of isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of isooctanol was 8016.67 yuan/ton, a fluctuating decrease of 3.41% compared to the price of 8300 yuan/ton on August 16 last weekend. The manufacturer of isooctanol has completed maintenance and resumed production, with sufficient supply of isooctanol; Poor demand for plasticizers has led to a decrease in downstream enterprises’ enthusiasm for purchasing octanol. Isooctanol manufacturers have lowered prices for shipments, increasing pressure on the price of isooctanol. As a result, the price of isooctanol has fallen.
The price of raw material propylene is weak and consolidating
According to the Business Society’s propylene commodity market analysis system, as of August 23, the price of propylene was 6860.75 yuan/ton, a fluctuating decrease of 0.07% compared to the price of 6865.75 yuan/ton on August 16 last weekend. Crude oil prices have fluctuated and fallen, while propylene cost support has weakened; Acrylic manufacturers are operating at low loads, with tight supply and continued fatigue in downstream demand. The price of propylene is weak and consolidating, and the cost support for isooctanol is weakened.
Downstream plasticizer prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 23, the price of plasticizer DOP was 8791 yuan/ton, a decrease of 2.87% from the DOP price of 9051 yuan/ton on August 16 last weekend. The recovery of terminal demand is slow, the price of raw material octanol has fallen, costs have decreased, downstream customers’ enthusiasm for placing orders has decreased, wait-and-see sentiment has increased, plasticizer transactions have declined, and plasticizer DOP prices have fallen.
Future expectations
According to the data analyst of Business Society’s octanol product, in terms of cost, propylene prices are weakly consolidating, and the cost support for isooctanol is weakened; In terms of demand, the recovery of the plasticizer market is not as expected, and the demand for isooctanol is poor; In terms of supply, the maintenance of the isooctanol manufacturer has been completed, and the supply of isooctanol is sufficient. In the future, the supply of isooctanol is sufficient, and the demand recovery is not as expected. It is expected that the price of isooctanol will fluctuate and fall.
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