Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the price of isooctanol in the Shandong region decreased slightly this week. This week, the average price of isooctanol in the mainstream market in Shandong Province dropped from 12970.00 yuan/ton at the beginning of the week to 12850.00 yuan/ton at the end of the week, a decrease of 0.93%. Weekend prices increased by 44.92% year-on-year. On September 11th, the isooctanol commodity index was 93.31, a decrease of 1.18 points from yesterday, a decrease of 32.14% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 165.46% 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)

Insufficient upstream support and weakened downstream demand

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly decreased 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 7388.25 yuan/ton at the beginning of the week to 7113.25 yuan/ton at the weekend, a decrease of 3.07%. Weekend prices fell by 2.83% year-on-year. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the DOP market price has slightly decreased this week. The price of DOP decreased from 12009.17 yuan/ton at the beginning of the week to 11775.00 yuan/ton at the weekend, a decrease of 1.95%. Weekend prices increased by 22.02% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In mid to late September, the Shandong isooctanol market may experience slight fluctuations and declines. The upstream propylene market has slightly declined, with insufficient cost support. Downstream DOP market slightly declined, and downstream demand weakened. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.