Recent price trend of isooctanol

As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province fell slightly this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong Province dropped from 9466.67 yuan/ton at the weekend to 9300.00 yuan/ton at the weekend, a drop of 1.76%. A year-on-year drop of 18.90%. On December 4, the isooctanol commodity index was 68.38, unchanged from yesterday, 50.27% lower than the cycle’s highest point of 137.50 (2021-08-08), and 94.54% higher than the lowest point of 35.15 on February 1, 2016. (Note: Period refers to 2011-09-01 to now)

Upstream support increases while downstream demand decreases

From the manufacturer’s quotation, the factory quotation of Shandong mainstream isooctanol manufacturers fell slightly this week: the octanol unit of Jianlan Chemical is under maintenance; Lihuayi offered 9300 yuan/ton of isooctanol this weekend, down 100 yuan/ton compared with last weekend; Hualu Hengsheng offered 9300 yuan/ton of isooctanol this weekend, down 300 yuan/ton compared with the beginning of the week.

From the perspective of the upstream raw material market of isooctanol, the propylene market rose slightly this week, with the price rising from 7296.60 yuan/ton at the weekend to 7710.60 yuan/ton at the weekend, up 5.67%, 3.14% year-on-year. The upstream raw material market price rose slightly, and the cost support increased. Affected by the supply and demand, it had a positive impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP factory price fell slightly this week. The DOP price dropped from 10170.00 yuan/ton at the end of last week to 9960.00 yuan/ton at the end of this week, down 2.06%, 9.25% YoY. Downstream DOP prices fell slightly, and downstream customers became less enthusiastic about purchasing isooctanol.

Upstream support increased, downstream demand weakened, and isooctanol was bearish in the future

In the first ten days of December, the market of isooctanol in Shandong Province fell mainly due to slight fluctuations. The upstream propylene market rose slightly and cost support increased. Downstream DOP market declined slightly, and downstream demand weakened. According to the isooctanol analysts of the business community, the short-term domestic isooctanol market may fall slightly due to the impact of supply and demand, raw materials and other aspects.