Recent price trend of isooctanol
| Thiourea |
As can be seen from the above figure, the factory price of isooctanol in Shandong Province rose slightly this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong Province increased from 9066.67 yuan/ton at the weekend to 9166.67 yuan/ton at the weekend, an increase of 1.10%, a year-on-year decrease of 32.93%. On October 23, the isooctanol commodity index was 67.40, unchanged from yesterday, down 50.98% from the peak of 137.50 (2021-08-08) in the cycle, and up 91.75% from the lowest point of 35.15 on February 1, 2016. (Note: Period refers to 2011-09-01 to now)
Insufficient upstream support and increased downstream demand
From the manufacturer’s quotation, the factory quotation of Shandong mainstream isooctanol manufacturers rose slightly this week.
From the upstream raw material market of isooctanol, the propylene market fell slightly this week, with the price falling from 7620.60 yuan/ton at the weekend to 7426.60 yuan/ton at the weekend, a 2.55% drop, 20.50% year-on-year. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand, the price of isooctanol was negatively affected.
From the downstream market of isooctanol, the DOP factory price rose slightly this week. The DOP price rose from 10220.00 yuan/ton at the end of last week to 10390.00 yuan/ton at the end of this week, an increase of 1.66% and a year-on-year decrease of 20.08%. Downstream DOP prices rose slightly, and downstream customers increased their enthusiasm for purchasing isooctanol.
Insufficient upstream support, increased downstream demand, and the future market of isooctanol is bullish
In late October, the market of isooctanol in Shandong Province rose mainly due to slight fluctuations. Although the upstream propylene market declined slightly and the cost support was insufficient, the downstream DOP market rose slightly and the downstream demand increased. According to the isooctanol analysts of the business community, the short-term domestic isooctanol market may rise slightly due to the influence of supply and demand, raw materials and other aspects.
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