Recent price trends of isooctanol
| PVA 2088 (PVA BP20) |
According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market in Shandong region increased from 8660.00 yuan/ton at the beginning of the week to 8820.00 yuan/ton at the weekend, an increase of 1.85%. Weekend prices fell by 21.48% year-on-year. On June 18th, the isooctanol commodity index was 64.85, unchanged from yesterday, a decrease of 52.84% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 84.50% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Increased upstream support and better downstream demand
From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly increased this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market has slightly increased this week, with prices rising from 6180.75 yuan/ton at the beginning of the week to 6230.75 yuan/ton at the weekend, an increase of 0.81%. Weekend prices fell by 21.71% year-on-year. The upstream raw material market prices have slightly increased, leading to increased cost support and a positive impact on the price of isooctanol due to the impact of supply and demand.
| POLYVINYL ALCOHOL |
From the downstream market of isooctanol, the factory price of DOP has slightly increased this week. The price of DOP increased from 9275.00 yuan/ton at the beginning of the week to 9492.50 yuan/ton at the weekend, an increase of 2.35%. Weekend prices fell 17.55% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.
Future prospects
In late June, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market slightly increased, with increased cost support. The downstream DOP market has slightly increased, and downstream demand is good. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.
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