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 of Shandong region increased from 12450.00 yuan/ton at the beginning of the week to 12600.00 yuan/ton at the weekend, an increase of 1.20%, and the weekend price increased by 38.97% year-on-year. On October 15th, the isooctanol commodity index was 92.65, unchanged from yesterday, a decrease of 32.62% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 163.58% 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 7200.75 yuan/ton at the beginning of the week to 7038.25 yuan/ton at the weekend, a decrease of 2.26%, and a year-on-year decrease of 7.64% over the weekend. 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 fluctuated and fell this week. The price of DOP decreased from 11800.00 yuan/ton at the beginning of the week to 11708.33 yuan/ton at the weekend, a decrease of 0.78%, and the weekend price increased by 14.56% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Future prospects

In late October, 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.