Recent price trend of isooctanol
As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell this week. This week, the average ex factory quotation price of isooctanol mainstream in Shandong fell from 16333.33 yuan / ton at the beginning of the week to 15366.67 yuan / ton at the end of the week, a decrease of 5.92%, a year-on-year increase of 107.19% compared with the same period last year. Overall, the isooctanol market fell this week, and the isooctanol commodity index was 112.99 on September 24.
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The downstream demand is weakened and the supply of isooctanol is tight
From the manufacturer’s quotation, the ex factory quotation of mainstream isooctanol manufacturers in Shandong fell this week: Jianlan chemical stopped isooctanol unit for maintenance this week; The quotation of isooctanol of lihuayi this weekend is 15200 yuan / ton, which is 1000 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng offered 15500 yuan / ton of isooctanol this weekend, down 900 yuan / ton compared with the beginning of the week.
From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isooctanol fell slightly this week. The quotation fell from 8071.33 yuan / ton at the beginning of the week to 8059.00 yuan / ton at the end of the week, down 0.15%, up 7.95% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly, which had a negative impact on the price of isooctanol due to the impact of supply and demand.
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In the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP quotation decreased from 13950.00 yuan / ton at the beginning of the week to 13700.00 yuan / ton at the end of the week, a decrease of 1.79%, an increase of 88.53% over the same period last year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.
Weak demand and bearish outlook
In late September, the market trend of Shandong isooctanol may fluctuate slightly. On the whole, in the recent overhaul of some isooctanol units, the overall operating rate of the isooctanol industry decreased slightly, but the upstream support is limited, the downstream market is general, and the demand is weakened. Therefore, the isooctanol analysts of business society believe that the domestic isooctanol market may fluctuate slightly in late September.
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