The price of isooctanol fluctuated and rose in January

According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the price of isooctanol was 7800 yuan/ton, a fluctuating increase of 2.63% compared to the price of 7600 yuan/ton on January 1st at the beginning of the month. The construction of new equipment and the high level of equipment construction in isooctanol enterprises have led to sufficient supply of isooctanol. With stocking before the Spring Festival, the demand for isooctanol has rebounded, resulting in a double increase in supply and demand. In January, the price of isooctanol fluctuated and rose. After the holiday, the demand for isooctanol replenishment briefly rebounded.

Double increase in supply and demand of isooctanol in January

Isooctanol enterprises are operating at a high level, coupled with the continuous production of new octanol capacity, resulting in an increase in the supply of isooctanol. Before the Spring Festival, downstream manufacturers replenished their inventory, leading to an increase in demand for isooctanol and a greater driving force for its price increase.

Downstream plasticizer DOP prices fluctuate and rise in January

According to the Commodity Market Analysis System of Shengyi Society, as of January 31st, the DOP price was 8576.25 yuan/ton, a fluctuating increase of 4.25% compared to the DOP price of 8226.25 yuan/ton on January 1st at the beginning of the month. The rise in raw material prices has led to an increase in the cost of plasticizer DOP. Stocking up before the Spring Festival has led to an increase in demand for plasticizers. Supported by rising costs and demand, there is a significant driving force for the increase in plasticizers. After the holiday, the demand for plasticizers briefly rebounded due to restocking.

Future expectations

According to the data analyst of Business Society’s octanol product, in the future, the high equipment production of isooctanol enterprises, coupled with the production of new equipment, will alleviate the shortage of isooctanol supply and ensure sufficient supply of isooctanol; After the Spring Festival, the replenishment of stocks has ended, and the expected demand for isooctanol has weakened. The strong supply and weak demand of isooctanol are expected to lead to a weak and stable price trend in the future market.