Recent price trend of isooctanol

It can be seen from the above figure that the market price of isooctanol in Shandong Province fell first and then rose this week. On the whole, the average price of isooctanol in the mainstream market in Shandong fell from 9471.43 yuan/ton at the beginning of the week to 9285.71 yuan/ton at the end of the week, down 1.96%. Compared with the same period last year, it fell 31.55% year-on-year. The isooctanol commodity index on March 12 was 68.28, which was the same as yesterday, down 50.34% from the highest point of 137.50 (2021-08-08) in the cycle, and up 94.25% from the lowest point of 35.15 on February 1, 2016. (Note: the period refers to September 1, 2011 to now)

The upstream support is weakened, and the downstream demand is general

From the perspective of manufacturers’ quotations, the market quotations of Shandong isooctanol mainstream manufacturers fell slightly this week.

From the perspective of the upstream raw material market of isooctanol, the propylene market fell first and then rose this week. The price fell from 7516.60 yuan/ton on March 4 to 7334.60 yuan/ton on March 7, a decrease of 2.42%, and then rose to 7464.60 yuan/ton on March 10, an increase of 1.77%. On the whole, the propylene price fell by 0.69% this week. The year-on-year decline was 18.60%. The market price of upstream raw materials fell slightly, and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the factory price of DOP fell first and then rose this week. The price of DOP first fell from 10020.00 yuan/ton on March 6 to 9890.00 yuan/ton on March 8, a decrease of 1.30%, and then rose to 10000.00 yuan/ton on March 10, an increase of 1.11%. On the whole, the price of DOP fell by 0.20% this week. The year-on-year decline was 22.93%. Downstream DOP prices fell slightly, and downstream customers were generally active in isooctanol procurement.

Future prospects

In the middle and late March, the market price of isooctanol in Shandong Province was mainly subject to small fluctuations. The upstream propylene market fell slightly over the weekend, with insufficient cost support. Downstream DOP market fell slightly, and downstream demand weakened. The isooctanol analyst of the business agency believes that the short-term domestic isooctanol market may fall mainly due to small fluctuations under the influence of supply and demand and raw materials.