Recent price trends of isooctanol

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 9583.33 yuan/ton at the beginning of the week to 9683.33 yuan/ton at the weekend, an increase of 1.04%. Weekend prices increased by 11.73% year-on-year. On July 24th, the isooctanol commodity index was 72.55, an increase of 1.35 points from yesterday, a decrease of 47.24% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 106.40% 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)

Upstream support is average, while downstream demand increases

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 declined this week, with prices dropping from 6608.25 yuan/ton at the beginning of the week to 6550.75 yuan/ton at the end of the week, a decrease of 0.87%. Weekend prices fell by 10.76% year-on-year. The upstream raw material market prices have slightly declined, and cost support has weakened. Affected by the supply and demand side, it has a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP market price has slightly increased this week. The price of DOP increased from 9891.67 yuan/ton at the beginning of the week to 10150.83 yuan/ton at the weekend, an increase of 2.62%. Weekend prices increased by 10.67% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.

Future prospects

In late July, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market slightly declined, with average cost support. The downstream DOP market has slightly increased, and downstream demand has increased. 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.