Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell slightly this week. This week, the average ex factory price of isooctanol mainstream in Shandong fell from 13900.00 yuan / ton last weekend to 13000.00 yuan / ton this weekend, down 6.47%. Compared with the same period last year, it increased by 12.72% year-on-year. On the whole, Shandong isooctanol market fell slightly this week and showed an upward trend over the weekend. On February 17, the isooctanol commodity index was 95.59, up 1.47 points from yesterday, down 30.48% from the highest point 137.50 in the cycle (2021-08-08), and up 171.95% from the lowest point 35.15 on February 1, 2016. (Note: the period refers to the period from September 1, 2011 to now)

Insufficient upstream support and weakening downstream demand

From the perspective of manufacturer’s quotation, the ex factory quotation of mainstream manufacturers of isooctanol in Shandong fell this week: Jianlan chemical’s quotation of isooctanol this weekend was about 12900 yuan / ton, which was 1100 yuan / ton lower than that last weekend, dominated by contracts; The quotation of lihuayi isooctanol this weekend is 12900 yuan / ton, which is 800 yuan / ton lower than that last weekend; Hualu Hengsheng offered 13200 yuan / ton of isooctanol this weekend, down 800 yuan / ton compared with last weekend.

From the upstream raw material market of isooctanol, the propylene market fell slightly this week. The quotation fell from 8270.60 yuan / ton last weekend to 8025.67 yuan / ton this weekend, down 2.96%, up 8.86% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP price fell from 12950.00 yuan / ton last weekend to 12525.00 yuan / ton this weekend, down 3.28%, up 18.72% year-on-year compared with the same period last year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.

Weak demand and bearish outlook

In late February, the market trend of Shandong isooctanol may fluctuate slightly, mainly falling. The upstream propylene fell slightly over the weekend, the cost support weakened, the downstream DOP market fell slightly, and the downstream demand was general. According to isooctanol analysts of business society, in late February, Shandong isooctanol market may fluctuate slightly and fall mainly.