Recent price trend of isooctanol

As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province fell slightly this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong Province dropped from 9300.00 yuan/ton at the weekend to 9133.33 yuan/ton at the weekend, a drop of 1.79%. A year-on-year decrease of 16.21%. On December 11, the isooctanol commodity index was 67.16, unchanged from yesterday, 51.16% lower than the peak of 137.50 (2021-08-08) in the cycle, and 91.07% higher than the low of 35.15 on February 1, 2016. (Note: Period refers to 2011-09-01 to now)

Insufficient upstream support and weakening downstream demand

From the manufacturer’s quotation, the factory quotation of Shandong mainstream isooctanol manufacturers fell slightly this week.

From the upstream raw material market of isooctanol, the propylene market fell slightly this week, with the price falling from 7710.60 yuan/ton at the weekend to 7434.60 yuan/ton at the weekend, a decrease of 3.58%, 1.64% YoY. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand, the price of isooctanol was negatively affected.

From the downstream market of isooctanol, the DOP factory price fell slightly this week. The DOP price fell from 9960.00 yuan/ton at the end of last year to 9761.00 yuan/ton at the end of this week, down 2.00%, 7.92% YoY. Downstream DOP prices fell slightly, and downstream customers became less enthusiastic about purchasing isooctanol.

The upstream support is insufficient, the downstream demand is weakened, and isooctanol is bearish in the future

In the middle and late December, the market of Shandong isooctanol fell mainly due to slight fluctuations. The upstream propylene market declined slightly, with insufficient cost support. Downstream DOP market declined slightly, and downstream demand weakened. According to the isooctanol analysts of the business community, the short-term domestic isooctanol market may fall slightly due to the impact of supply and demand, raw materials and other aspects.