Recent price trend of isooctanol

It can be seen from the above figure that the ex-factory price of isooctanol in Shandong Province fell slightly this week. This week, the average ex-factory price of isooctanol mainstream manufacturers in Shandong fell from 10666.67 yuan/ton at the end of last week to 9733.33 yuan/ton at the end of this week, down 8.75%. Compared with the same period last year, it fell 31.29% year-on-year. The isooctanol commodity index on February 12 was 71.57, which was the same as yesterday, down 47.95% from the cycle’s highest point of 137.50 (2021-08-08), and up 103.61% from the lowest point of 35.15 on February 1, 2016. (Note: the period refers to September 1, 2011 to now)

Insufficient upstream support and weaker downstream demand

From the manufacturer’s quotation, the ex-factory quotation of Shandong isooctanol mainstream manufacturers fell slightly this week: Jianlan Chemical’s octanol unit is under maintenance; Lihuayi isooctanol quoted 9600 yuan/ton at the end of this week, down 1000 yuan/ton from the end of last week; Hualu Hengsheng quoted 10000 yuan/ton of isooctanol at the end of the week, down 800 yuan/ton from the beginning of the week.

From the perspective of the upstream raw material market of isooctanol, the propylene market fell slightly this week. The price fell from 7623.25 yuan/ton at the beginning of the week to 7558.25 yuan/ton at the end of the week, down 0.85%, down 9.05% year-on-year. The market price of upstream raw materials fell slightly, and the cost support weakened. 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 slightly this week. The price of DOP dropped by 6.16% from 10710.00 yuan/ton at the end of last week to 10050.00 yuan/ton at the end of this week, down 23.28% year-on-year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.

Future prospects

In the middle and late February, the market price of isooctanol in Shandong Province was mainly subject to small fluctuations. The upstream propylene market fell slightly and the cost support was insufficient. 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.