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 of Shandong region dropped from 9550.00 yuan/ton at the beginning of the week to 9483.33 yuan/ton at the weekend, a decrease of 0.70%. Weekend prices increased by 9.42% year-on-year. On July 10th, the isooctanol commodity index was 69.98, an increase of 0.25 points from yesterday, a decrease of 49.11% from the highest point of 137.50 points in the cycle (2021-08-08), and a rise of 99.09% 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 6683.25 yuan/ton at the beginning of the week to 6563.25 yuan/ton at the weekend, a decrease of 1.80%. Weekend prices fell by 12.03% 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 by 0.09% from 9776.67 yuan/ton at the beginning of the week to 9767.50 yuan/ton at the end of the week. Weekend prices increased by 4.19% year-on-year. Downstream DOP prices have slightly declined, and downstream customers are less proactive in purchasing isooctanol.

Future prospects

In mid to late July, the Shandong isooctanol market may experience slight fluctuations and declines. The upstream propylene market has slightly declined, with insufficient cost support. The downstream DOP market has slightly declined, and downstream demand is weak. 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.