Recent price trend of isooctanol

As can be seen from the above figure, the market price of isooctanol in Shandong Province increased slightly this week. Overall, the average price of isooctanol in the mainstream market in Shandong Province this week increased from 9271.43 yuan/ton at the beginning of the week to 9307.14 yuan/ton at the end of the week, an increase of 0.39%. Compared to the same period last year, the year-on-year decrease was 26.91%. On March 19th, the isooctanol commodity index stood at 68.54, unchanged from yesterday, down 50.15% from the cycle’s highest point of 137.50 (2021-08-08), and up 94.99% from the lowest point of 35.15 on February 1st, 2016. (Note: The cycle refers to 2011-09-01 to now)

Weakened upstream support and better downstream demand

From the perspective of manufacturers’ quotations, the market quotations of mainstream Shandong isooctanol manufacturers increased slightly this week.

Judging from the upstream raw material market of isooctanol, the propylene market declined slightly this week, with the price falling from 7464.60 yuan/ton at the end of last week to 7300.60 yuan/ton at the end of this week, a decrease of 2.20%. A year-on-year decrease of 11.69% compared to the same period last year. The price of upstream raw materials in the market fell slightly, resulting in insufficient cost support. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

Judging from the downstream market of isooctanol, the factory price of DOP increased slightly this week. The price of DOP increased by 0.50% from 9960.00 yuan/ton at the beginning of the week to 10010 yuan/ton at the end of the week. A year-on-year decrease of 18.95% compared to the same period last year. Downstream DOP prices rose slightly, and downstream customers were more proactive in purchasing isooctanol.

Future prospects

In late March, the market price of isooctanol in Shandong Province was mainly subject to slight fluctuations and declines. The upstream propylene market fell slightly over the weekend, with insufficient cost support. Downstream DOP market rose slightly, while downstream demand was average. According to isooctanol analysts from the Business Agency, the short-term domestic isooctanol market may suffer from minor fluctuations and declines due to the impact of supply and demand, raw materials, and other factors.