The price of isooctanol surged after the holiday

The price of isooctanol surged after the holiday

According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the price of isooctanol was 8666.67 yuan/ton, a significant increase of 8.79% compared to the price of 7966.67 yuan/ton on September 15th. After the holiday, the price of isooctanol increased significantly. The production of isooctanol units has gradually resumed, and downstream stocking is concentrated before the National Day holiday. The supply of isooctanol is tight, and the operating rate of downstream plasticizer DOP has increased. The demand for isooctanol has also increased, and the supply and demand in the isooctanol market are tight, resulting in a significant increase in the price of isooctanol.

Crude oil prices rise, octanol costs increase

According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the settlement price of the main Brent crude oil futures contract was $74.01 per barrel, a significant increase of 6.97% compared to the crude oil price of $69.19 per barrel on September 11th; Compared to September 15th, the crude oil price increased by $71.61 per barrel, with a growth rate of 3.35%. The significant increase in crude oil prices is favorable for downstream markets, and the expected cost of isooctanol is expected to rise.

Downstream plasticizer DOP prices surge

According to the Commodity Market Analysis System of Shengyi Society, as of September 20th, the price of plasticizer DOP was 8963.75 yuan/ton, a significant increase of 5.44% compared to the DOP price of 8501.25 yuan/ton on September 14th. The price of DOP has significantly increased after the holiday. The expected increase in operating rate of downstream plasticizer enterprises has led to an increase in demand for isooctanol plasticizers. In addition, stocking up before the National Day holiday has led to an increase in downstream demand for isooctanol.

Future expectations

The data analyst of Business Society’s octanol product believes that the market for isooctanol will rise after the holiday. In terms of supply, isooctanol manufacturers have stable production and sufficient supply of isooctanol; In terms of demand, plasticizer companies have increased their production, coupled with stocking up before the National Day holiday, resulting in an increase in demand for isooctanol; The United States has significantly reduced interest rates, leading to a surge in crude oil prices and an expected increase in the cost of isooctanol. Cost support, tight supply and increased demand, increased support for the rise of isooctanol, and expected volatility in the future price of isooctanol.