Recent price trends of isooctanol

According to the commodity analysis system of the business agency, the market price of isooctanol in Shandong Province was temporarily stable this week. The average price of isooctanol in the mainstream market in Shandong this week was 9114.29 yuan/ton. Weekend prices decreased by 26.69% year-on-year compared to the same period last year. On April 23, the isooctanol commodity index was 67.02, unchanged from yesterday, a decrease of 51.26% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 90.67% 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)

Insufficient upstream support and weakened downstream demand

From the supply side perspective, the market quotations of mainstream manufacturers of isooctanol in Shandong this week are temporarily stable.

From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 7390.60 yuan/ton at the beginning of the week to 7070.60 yuan/ton at the end of the week, a decrease of 4.33%. Weekend prices have decreased by 16.04% compared to the same period last year. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isooctanol was negatively affected.

From the downstream market of isooctanol, the factory price of DOP has slightly decreased this week. The price of DOP dropped from 9917.50 yuan/ton at the beginning of the week to 9875.83 yuan/ton at the weekend, a decrease of 0.42%. Weekend prices have decreased by 16.40% year-on-year 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 has slightly declined, with insufficient cost support. 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.