Recent price trends of isooctanol

According to the Commodity Analysis System of Business Society, the market price of isooctanol in Shandong Province has significantly decreased this week. This week, the average price of isooctanol in the mainstream market in Shandong Province decreased from 12120.00 yuan/ton at the beginning of the week to 11280.00 yuan/ton at the weekend, a decrease of 6.93%, and the weekend price increased by 18.32% year-on-year. On November 6th, the isooctanol commodity index was 82.06, a decrease of 0.88 points from yesterday, a decrease of 40.32% from the highest point of 137.50 points in the cycle (2021-08-08), and an increase of 133.46% 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 increases, downstream demand weakens

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly decreased 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 7100.75 yuan/ton at the beginning of the week to 6958.25 yuan/ton at the weekend, a decrease of 2.01%, and a year-on-year decrease of 0.60% at the weekend. 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 slightly decreased this week. The price of DOP decreased from 11275.00 yuan/ton at the beginning of the week to 11191.67 yuan/ton at the weekend, a decrease of 0.74%, and the weekend price increased by 8.45% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In mid November, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has an upward trend at the end of the month, with good cost support. The downstream DOP market has slightly declined, and downstream demand is average. 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.