Recent price trends of isooctanol

According to the commodity analysis system of the business agency, the market price of isooctanol in Shandong Province rose sharply this week. This week, the average price of isooctanol in the mainstream market in Shandong region increased from 9100.00 yuan/ton at the beginning of the week to 10071.43 yuan/ton at the weekend, an increase of 10.68%. Weekend prices fell by 22.92% year-on-year. On May 7th, the isooctanol commodity index was 74.05, unchanged from yesterday, a decrease of 46.15% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 110.67% 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)

Insufficient upstream support and increased downstream demand

From the supply side perspective, the market prices of mainstream manufacturers of isooctanol in Shandong have increased this week.

From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 7052.60 yuan/ton at the beginning of the week to 6962.60 yuan/ton at the weekend, a decrease of 1.28%. Weekend prices fell by 20.89% year-on-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 situation of isooctanol, the factory price of DOP has significantly increased this week. The price of DOP increased from 9709.17 yuan/ton at the beginning of the week to 910750.00 yuan/ton at the weekend, an increase of 10.72%. Weekend prices fell by 11.16% year-on-year. Downstream DOP prices have significantly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In mid to early May, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has slightly declined, with insufficient cost support. The downstream DOP market has significantly increased, leading to an increase in downstream demand. Some manufacturers have shut down for maintenance, resulting in a tight supply of isooctanol. 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.