Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong increased slightly this week. This week, the average ex factory price of isooctanol in Shandong rose from 12300.00 yuan / ton at the beginning of the week to 12633.33 yuan / ton at the end of the week, up 333.33 yuan / ton, or 2.71%, up 46.90% year-on-year compared with the same period last year. Overall, Shandong isooctanol market rose slightly this week. On November 21, the isooctanol commodity index was 92.89, unchanged from yesterday, down 32.44% from the highest point 137.50 in the cycle (2021-08-08), and up 164.27% from the lowest point 35.15 on February 1, 2016.

The upstream support is weakened and the downstream demand is strengthened

From the perspective of manufacturer’s quotation, the ex factory quotation of mainstream manufacturers of isooctanol in Shandong increased this week: Jianlan chemical’s quotation of isooctanol this weekend was about 12600 yuan / ton, which increased by 300 yuan / ton compared with that at the beginning of the week, dominated by contracts; The quotation of lihuayi isooctanol this weekend is 12600 yuan / ton, which is 300 yuan / ton higher than that at the beginning of the week; Hualu Hengsheng offered 12700 yuan / ton of isooctanol this weekend, an increase of 400 yuan / ton compared with the beginning of the week.

From the upstream raw material market of isooctanol, the propylene market fell slightly this week. The quotation fell from 7897.33 yuan / ton at the beginning of the week to 7600.83 yuan / ton at the end of the week, down 3.75%, up 9.36% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly, which had a negative impact on the price of isooctanol due to the impact of supply and demand.

From the downstream market of isooctanol, the ex factory price of DOP rose slightly this week. DOP quotation increased from 11962.50 yuan / ton at the beginning of the week to 12137.50 yuan / ton at the end of the week, an increase of 1.46%, a year-on-year increase of 27.54%. Downstream DOP prices rose slightly, and downstream customers’ enthusiasm for isooctanol procurement increased.

Increased demand and bullish outlook

In late November, the market trend of Shandong isooctanol may rise slightly. Upstream propylene fell slightly and cost support weakened, but downstream DOP market rose slightly, downstream market rose and demand increased. According to the isooctanol analysts of business society, the domestic isooctanol market may rise slightly in late November.