Recent price trends of isooctanol

According to the commodity analysis system of the business agency, the market price of isooctanol in Shandong fell slightly this week. This week, the average price of isooctanol in the mainstream market in Shandong Province dropped from 9228.57 yuan/ton at the beginning of the week to 9142.86 yuan/ton at the weekend, a decrease of 0.93%. Weekend prices have decreased by 24.85% year-on-year compared to the same period last year. On April 16th, the isooctanol commodity index was 67.23, unchanged from yesterday, a decrease of 51.11% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 91.27% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream support increases, downstream demand weakens

From the supply side perspective, the market quotations of mainstream manufacturers of isooctanol in Shandong Province have slightly decreased this week: Lihuayi isooctanol had a weekend market price of 9100 yuan/ton, and compared to the beginning of the week, the quotations were temporarily stable; The weekend market price of isooctanol of Hualu Hengsheng was 9100 yuan/ton, which was 200 yuan/ton lower than that at the beginning of the week; The weekend quotation for Luxi isooctanol distributed by Shandong Jinsheng Run was 9200 yuan/ton, a decrease of 200 yuan/ton compared to normal.

From the upstream raw material market of isooctanol, the propylene market has slightly increased this week, with prices rising from 7156.60 yuan/ton at the beginning of the week to 7286.60 yuan/ton at the weekend, an increase of 1.82%. Weekend prices have decreased by 13.68% compared to the same period last year. The price of upstream raw materials market rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of isooctanol.

From the downstream market of isooctanol, the factory price of DOP has slightly decreased this week. The price of DOP dropped from 9950.00 yuan/ton at the beginning of the week to 9934.17 yuan/ton at the weekend, a decrease of 0.16%. Weekend prices have decreased by 16.08% compared to the same period last year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In late April, the Shandong isooctanol market may experience slight fluctuations and declines. The upstream propylene market slightly increased, with increased cost support. However, the downstream DOP market has slightly declined, and downstream demand is weak. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.