Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market of Shandong region increased from 11050.00 yuan/ton at the beginning of the week to 11240.00 yuan/ton at the weekend, an increase of 1.72%. Weekend prices increased by 32.76% year-on-year. On August 13th, the isooctanol commodity index was 82.65, unchanged from yesterday, a decrease of 39.89% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 135.14% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Upstream support is good, while downstream demand increases

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 fluctuated and rose this week, with prices rising from 6733.25 yuan/ton at the beginning of the week to 6763.25 yuan/ton at the weekend, an increase of 0.45%. Weekend prices fell 6.98% year-on-year. The upstream raw material market prices have slightly increased, 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 DOP market price has significantly increased this week. The price of DOP increased from 11191.67 yuan/ton at the beginning of the week to 11600.00 yuan/ton at the weekend, an increase of 3.65%. Weekend prices increased by 28.00% year-on-year. Downstream DOP prices have significantly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In mid to late August, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The downstream DOP market has significantly increased, leading to an increase in downstream demand. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.