As can be seen from the above figure, the ex-factory price of isooctanol in Shandong Province fell sharply this month. The price of isooctanol dropped from 10666.67 yuan/ton at the beginning of the month to 9166.67 yuan/ton at the end of the month, a decrease of 14.06%. The year-on-year decline was 26.08%.

The isooctanol commodity index on February 27 was 66.67, down 3.43 points from yesterday, down 51.51% from the peak of 137.50 points in the cycle (2021-08-08), and up 89.67% from the lowest point of 35.15 points on February 1, 2016. (Note: the period refers to September 1, 2011 to now)

From the manufacturer’s quotation, the prices of Shandong isooctanol mainstream manufacturers fell sharply this month, and the manufacturer’s inventory was average.

Insufficient upstream support and weaker downstream demand

From the perspective of the upstream and downstream industrial chain, the upstream propylene market fell slightly this month. The price of propylene fell from 7530.75 yuan/ton at the beginning of the month to 7470.60 yuan/ton at the end of the month, with a decrease of 0.80%. Compared with the same period last year, it fell 10.80% year-on-year. The cost support was insufficient, which had a negative impact on the price of isooctanol. Downstream DOP prices fell sharply. The price of DOP dropped by 7.19% from 10710.00 yuan/ton at the beginning of the month to 9940.00 yuan/ton at the end of the month, down 16.56% from the same period last year. The downstream market fell sharply, and the enthusiasm of downstream customers to purchase isooctanol weakened.

The market fell slightly in the aftermarket

In the first ten days of March, the domestic isooctanol market may fluctuate and fall slightly. The upstream propylene price fell slightly, the cost support was insufficient, the downstream DOP market fell sharply, the downstream manufacturers’ enthusiasm for isooctanol procurement weakened, and the product trend declined under the supply and demand contradiction. The isooctanol analyst of the business agency believes that the domestic isooctanol market may fall slightly in the short term under the influence of supply and demand and raw materials.