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 9233.33 yuan/ton at the end of last week to 9066.67 yuan/ton at the end of this week, a drop of 1.80%, 42.13% lower than the same period last year. On October 16, the isooctanol commodity index was 66.67, unchanged from yesterday, down 51.51% from the highest point of 137.50 (2021-08-08) in the cycle, and up 89.67% from the lowest point of 35.15 on February 1, 2016. (Note: Period refers to 2011-09-01 to now)

Insufficient upstream support and weakening downstream demand

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 9000 yuan/ton of isooctanol this weekend, down 200 yuan/ton compared with last weekend; Hualu Hengsheng offered 9200 yuan/ton of isooctanol this weekend, down 100 yuan/ton compared with the beginning of the week.

From the perspective of the upstream raw material market of isooctanol, the propylene market fell slightly this week, with the price falling from 7680.60 yuan/ton at the end of last week to 7620.60 yuan/ton at the end of this week, a drop of 0.78%, 20.83% year-on-year. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand, the price of isooctanol was negatively affected.

From the downstream market of isooctanol, the DOP factory price fell slightly this week. The DOP price dropped from 10370.00 yuan/ton at the end of last week to 10220.00 yuan/ton at the end of this week, a drop of 1.45% and a year-on-year drop of 28.03%. Downstream DOP prices fell slightly, and downstream customers became less enthusiastic about purchasing isooctanol.

The upstream support is insufficient, the downstream demand is weakened, and isooctanol is bearish in the future

In the middle and late October, the market of Shandong isooctanol may fluctuate slightly. The upstream propylene market declined slightly, with insufficient cost support. The 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 influence of supply and demand, raw materials and other aspects.