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 in Shandong region increased from 9983.33 yuan/ton at the beginning of the week to 10783.33 yuan/ton at the weekend, an increase of 8.01%. Weekend prices increased by 30.97% year-on-year. On August 6th, the isooctanol commodity index was 79.29, unchanged from yesterday, a decrease of 42.33% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 125.58% 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 prices of mainstream manufacturers of isooctanol in Shandong have significantly increased this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 6738.25 yuan/ton at the beginning of the week to 6645.75 yuan/ton at the weekend, a decrease of 1.37%. Weekend prices fell 7.45% year-on-year. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, it has a negative 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 10441.67 yuan/ton at the beginning of the week to 11133.33 yuan/ton at the weekend, an increase of 6.62%. Weekend prices increased by 22.01% year-on-year. Downstream DOP prices have significantly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In mid August, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market slightly declined, with average 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.