According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong fell first and then rose in June. The price of isooctanol first fell from 9120.00 yuan/ton on June 1 to 8660.00 yuan/ton on June 12, a decrease of 5.04%, and then rose to 9466.67 yuan/ton on June 28, an increase of 9.31%. In June, the overall market price of isooctanol in Shandong increased by 3.80%. At the end of the month, prices increased by 1.07% year-on-year.

On June 27th, the isooctanol commodity index was 70.10, an increase of 0.98 points from yesterday, a decrease of 49.02% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 99.43% from the lowest point of 35.15 points on February 1, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

From the supply side perspective, the mainstream market price of isooctanol in Shandong Province fell first and then rose this month, with average inventory levels.

Cost side: Propylene market falls first and then rises

In June, the factory price of propylene first fell and then rose, dropping from 6460.75 yuan/ton on June 1 to 6155.75 yuan/ton on June 13, a decrease of 4.72%. Later, it rose to 6513.25 yuan/ton on June 28, an increase of 5.81%. Overall, the price of propylene increased by 0.81% in June, with a year-on-year decrease of 15.83% at the end of the month. The rising cost support is good, which has a positive impact on the price of isooctanol.

On the demand side: DOP market falls first and then rises

The DOP market price fell first and then rose in June. The price first fell from 9684.17 yuan/ton on June 1st to 9258.33 yuan/ton on June 10th, a decrease of 4.40%, and then rose to 9825.83 yuan/ton on June 24th, an increase of 6.13%. At the end of the month, there was a slight decline again. Overall, the DOP market fell by 0.69% in June. The price at the end of the month decreased by 2.61% year-on-year. The downstream market has slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Looking at the future market: In mid to early July, the domestic isooctanol market may experience a slight fluctuation and decline, with consolidation being the main trend. Upstream propylene prices have stabilized at high levels, with average cost support. Downstream DOP prices have shown a downward trend, and downstream manufacturers’ enthusiasm for purchasing isooctanol has weakened. Business Society Isooctanol analysts believe that in the short term, under the influence of various factors such as supply and demand and raw materials, the domestic isooctanol market may experience slight fluctuations