Recent price trends of isooctanol
According to the Commodity Analysis System of Business Society, the price of isooctanol in the Shandong region fluctuated and increased this week. This week, the average price of isooctanol in the mainstream market in Shandong region increased from 12950 yuan/ton at the beginning of the week to 12962.50 yuan/ton at the end of the week, an increase of 0.10%. Weekend prices increased by 35.50% year-on-year. On January 7th, the isooctanol commodity index was 95.31, unchanged from yesterday, a decrease of 30.68% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 171.15% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)
Insufficient upstream support, average downstream demand
From the supply side perspective, the mainstream manufacturers of Shandong isooctanol have slightly increased their quotations this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 6868.25 yuan/ton at the beginning of the week to 6638.25 yuan/ton at the end of the week, a decrease of 3.35%, and a year-on-year decrease of 8.45% in weekend prices. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of isooctanol.
From the downstream market situation of isooctanol, the DOP market price fluctuated and fell this week. The DOP price dropped from 12091.67 yuan/ton at the beginning of the week to 12058.33 yuan/ton on the weekend, a decrease of 0.28%, and the weekend price increased by 22.42% year-on-year. Downstream DOP prices have slightly declined, and downstream customers have weakened their enthusiasm for purchasing isooctanol.
Future prospects
In mid to late January, the market for isooctanol in Shandong may experience a slight fluctuation and decline. The upstream propylene market has slightly declined, with insufficient cost support. The downstream DOP market has slightly declined, and downstream demand is average. Business Society Isooctanol analysts believe that in the short term, the domestic Isooctanol market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.
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