Recent price trends of isooctanol

According to the commodity analysis system of the business agency, the market price of isooctanol in Shandong Province rose slightly this week. This week, the average price of isooctanol in the mainstream market of Shandong region increased from 9633.33 yuan/ton at the beginning of the week to 9791.67 yuan/ton at the weekend, an increase of 1.64%. Weekend prices fell by 22.70% year-on-year. On May 22, the isooctanol commodity index was 71.14, a decrease of 0.86 points from yesterday, a decrease of 48.26% from the highest point of 137.50 points in the cycle (2021-08-08), and an increase of 102.39% 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)

Upstream support is good, while downstream demand weakens

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have fluctuated this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market has slightly increased this week, with prices rising from 6870.60 yuan/ton at the beginning of the week to 6933.25 yuan/ton at the weekend, an increase of 0.91%. Weekend prices fell 16.77% year-on-year. The price of upstream raw materials market rose slightly, with good cost support. Affected by the supply and demand side, it has 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 10109.17 yuan/ton at the beginning of the week to 9984.17 yuan/ton at the weekend, a decrease of 1.24%. Weekend prices fell 16.80% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In late May, the Shandong isooctanol market may experience a slight fluctuation and decline. The upstream propylene market has slightly increased, with good cost support. However, the downstream DOP market has slightly declined, and downstream demand has weakened. 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.