Recent price trend of isooctanol
| POLYVINYL ALCOHOL |
As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell slightly this week. This week, the average ex factory price of isooctanol mainstream manufacturers in Shandong fell from 8900.00 yuan / ton last weekend to 8666.67 yuan / ton this weekend, a decrease of 2.62%, a year-on-year decrease of 45.03% over the same period last year. On July 10, the isooctanol commodity index was 63.73, unchanged from yesterday, down 53.65% from the highest point 137.50 in the cycle (2021-08-08), and up 81.31% from the lowest point 35.15 on February 1, 2016. (Note: the period refers to 2011-09-01 to now)
Insufficient upstream support and weak downstream demand
Judging from the manufacturer’s quotation, the ex factory quotation of Shandong mainstream isooctanol manufacturers fell slightly this week: Jianlan chemical octanol plant is under maintenance; The quotation of lihuayi isooctanol this weekend is 8600 yuan / ton, which is 200 yuan / ton lower than that of last weekend; Hualu Hengsheng offered 8800 yuan / ton of isooctanol this weekend, down 300 yuan / ton compared with the beginning of the week.
From the upstream raw material market of isooctanol, the propylene market fell slightly this week, with the price falling from 7680.60 yuan / ton last weekend to 7460.60 yuan / ton this weekend, a decrease of 2.86%, and a year-on-year decrease of 4.31% over the same period last year. The market price of upstream raw materials fell slightly, and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.
Judging from the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. The DOP price fell from 9550.00 yuan / ton at the end of last week to 9375.00 yuan / ton at the end of this week, a decrease of 1.83%, and a year-on-year decrease of 30.81%. Downstream DOP prices fell sharply, and downstream customers’ enthusiasm for purchasing isooctanol weakened.
The upstream support is insufficient, the downstream demand is weakened, and isooctanol is bearish in the future
In the middle of July, Shandong isooctanol market may fluctuate slightly. The upstream propylene market fell slightly, the cost support was insufficient, the downstream DOP market fell slightly, and the downstream demand weakened. According to the isooctanol analysts of the business society, the short-term domestic isooctanol market may fluctuate and decline slightly under the influence of supply and demand, raw materials and other aspects.
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