The price of isooctanol fell in September
According to the Commodity Market Analysis System of Shengyi Society, as of September 9th, the price of isooctanol was 7800 yuan/ton, a decrease of 2.30% from the price of 7983.33 yuan/ton on September 1st at the beginning of the month; Compared to the beginning of the year, the price of isooctanol decreased by 12950 yuan/ton, a decrease of 39.77%. During the traditional peak season of Jinjiu, the production of isooctanol manufacturers increased, the supply of isooctanol improved, downstream enterprises actively purchased isooctanol, and isooctanol manufacturers shipped smoothly. The price of isooctanol supported the upstream raw material prices, and the cost of isooctanol raw materials decreased, resulting in a further decline in isooctanol prices.
The price of raw material propylene fluctuated and fell in September
According to the Business Society’s propylene commodity market analysis system, as of September 9th, the price of propylene was 6831.25 yuan/ton, a fluctuating decrease of 1.97% compared to the price of 6968.25 yuan/ton on September 1st. The crude oil market fluctuated and fell in September, and the cost support for propylene weakened; Acrylic manufacturers are operating at low loads, with tight supply and weak downstream demand. The price of propylene is fluctuating and falling, and the cost support for isooctanol is weakening.
Downstream plasticizer prices fall again
According to the Commodity Market Analysis System of Shengyi Society, as of September 9th, the price of plasticizer DOP was 8463.75 yuan/ton, a decrease of 3.01% from the DOP price of 8726.25 yuan/ton on September 1st at the beginning of the month; Compared to the price of 12091.67 yuan/ton on January 1st at the beginning of the year, it has decreased by 30%. The cost of raw materials has decreased, and the price of plasticizer DOP continued its previous decline in September, hitting a new low for the year. In the traditional peak season of the plasticizer market in September, downstream customers have more inventory, DOP manufacturers are actively shipping, and the supply of goods from manufacturers is tight. However, due to insufficient gold nine color, the demand for plasticizers is limited, and the support for DOP price increases is insufficient, resulting in fluctuations in DOP prices.
Future expectations
According to the data analyst of Business Society’s octanol product, the supply and demand of isooctanol market increased in September. In terms of cost, crude oil prices and propylene prices have fluctuated and fallen, while the cost support for isooctanol has 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 number of isooctanol manufacturers operating has increased, resulting in an increase in isooctanol supply. Expected isooctanol prices to fluctuate and stabilize.
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