This week, the price of isooctanol fluctuated and fell
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the price of isooctanol was 6283.33 yuan/ton, a fluctuating decrease of 4.07% compared to the price of 6550 yuan/ton on October 13th last Monday; Compared to October 1st, the price of isooctanol fluctuated and fell by 5.75% to 6666.67 yuan/ton. Partial maintenance of isooctanol equipment in some enterprises resulted in a slight decrease in the operating load of isooctanol facilities and a decrease in isooctanol supply; The price of propylene has fallen, and the cost of isooctanol has decreased; This week, the supply of isooctanol has decreased, coupled with a decrease in costs, causing the price of isooctanol to fluctuate and fall.
The cost of raw material propylene has decreased
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the price of propylene was 6195.75 yuan/ton, a fluctuating decrease of 5.30% compared to the price of 6543.25 yuan/ton on October 1st. This week, the price of propylene fluctuated and fell, raw material prices fell, and the cost of isooctanol decreased, increasing the pressure on the price of isooctanol to decline.
Downstream plasticizer DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of October 20th, the DOP price was 7209.17 yuan/ton, a fluctuating decrease of 2.15% compared to the DOP price of 7367.50 yuan/ton on October 1st; Compared to October 13th, the DOP price of 7309.16 yuan/ton fluctuated and fell by 1.37%. This week, DOP prices have fluctuated and fallen, with DOP companies operating at less than 60% capacity, resulting in a decrease in operating rates and DOP production. The demand for isooctanol has also decreased, leading to significant downward pressure on isooctanol prices.
Future expectations
The data analyst of Business Society’s octanol product believes that in terms of cost, the price of propylene has fallen, the price of raw materials has fallen, and the pressure of isooctanol’s decline has increased. In terms of demand, DOP prices have fluctuated and fallen, while DOP companies have seen a slight decrease in production, resulting in a decrease in DOP output and reduced support for isooctanol demand. In the future, the demand for cost reduction of isooctanol is weak, and the downward pressure on isooctanol is increasing. It is expected that the price of isooctanol will fluctuate and fall in the future.