Recent price trend of isooctanol

As can be seen from the above figure, the ex factory price of isooctanol in Shandong fell slightly this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong fell from 13633.33 yuan / ton last weekend to 12433.33 yuan / ton this weekend, down 8.80%. Compared with the same period last year, it decreased by 11.61% year-on-year. On March 17, the isooctanol commodity index was 93.63, down 2.45 points from yesterday, down 31.91% from the highest point 137.50 in the cycle (2021-08-08), and up 166.37% from the lowest point 35.15 on February 1, 2016. (Note: the period refers to the period from September 1, 2011 to now)

Insufficient upstream support and weakening downstream demand

From the perspective of manufacturer’s quotation, the ex factory quotation of mainstream manufacturers of isooctanol in Shandong fell this week: Jianlan chemical offered about 12600 yuan / ton of isooctanol this weekend, which fell by 900 yuan / ton compared with last weekend, dominated by contracts; The quotation of lihuayi isooctanol this weekend is 12400 yuan / ton, which is 1100 yuan / ton lower than that last weekend; Hualu Hengsheng offered 12300 yuan / ton of isooctanol this weekend, down 1600 yuan / ton compared with last weekend.

From the upstream raw material market of isooctanol, the propylene market fell slightly this week, with the quotation falling from 9062.17 yuan / ton last weekend to 8267.17 yuan / ton this weekend, down 8.77%, down 3.31% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly and the cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isooctanol.

From the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP price fell from 12975.00 yuan / ton last weekend to 12025.00 yuan / ton this weekend, down 7.32%, down 4.37% year-on-year compared with the same period last year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.

The upstream support is insufficient, the downstream demand is weakened, and isooctanol is bearish in the future

In the middle and late March, the market trend of Shandong isooctanol may fluctuate slightly, mainly falling. The upstream propylene market fell slightly, the cost support was insufficient, the downstream DOP market fell slightly, and the downstream demand weakened. The isooctanol analyst of business society believes that the short-term domestic isooctanol market may fluctuate and decline slightly under the influence of supply and demand, raw materials and other aspects.