Recent price trend of isooctanol
As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province rose slightly this week. This week, the average ex factory quotation price of isooctanol in Shandong increased from 15833.33 yuan / ton at the beginning of the week to 16133.33 yuan / ton at the end of the week, up 1.89%, 128.84% year-on-year compared with the same period last year. Overall, the market of ISO octanol rose slightly this week, with the commodity index of ISO octanol at 126.72 on July 16.
Downstream demand rose, ISO octanol rose again
From the manufacturer’s quotation, the factory quotation of Shandong’s mainstream ISO octanol manufacturers rose this week: Jianlan chemical’s quotation of ISO octanol this weekend was 16100 yuan / ton, which was temporarily stable compared with that at the beginning of the week; Lihuayi’s offer of ISO octanol this weekend is 16100 yuan / ton, which is temporarily stable compared with that at the beginning of the week; Hualu Hengsheng quoted 16200 yuan / ton of ISO octanol this weekend, which was temporarily stable compared with the beginning of the week.
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol fell slightly this week, with the quoted price falling from 7804.00 yuan / ton at the beginning of the week to 7645.82 yuan / ton at the end of the week, a decrease of 2.03%, and a year-on-year increase of 13.41%. The upstream raw material market prices fell slightly, affected by the supply and demand side, which had a negative impact on the price of isooctanol.
Isooctanol downstream market, DOP factory price rose slightly this week. DOP quotation increased by 2.86% from 13537.50 yuan / ton at the beginning of the week to 13925.00 yuan / ton at the end of the week, up 97.99% over the same period of last year. The downstream DOP price rose slightly, the downstream customers’ enthusiasm for octanol procurement increased, and the demand for isooctanol strengthened.
Stronger demand, bullish outlook
In late July, the market trend of isooctanol in Shandong may rise slightly. On the whole, the ISO octanol plants have been started in recent years, and the overall operation rate of the ISO octanol industry has increased. However, the spot supply of ISO octanol is still insufficient, the downstream market is better, and the demand is increasing. As a result, isooctanol analysts from the business community believe that the domestic market of isooctanol may rise slightly in late July.