Recent price trends of isooctanol

According to the Commodity Analysis System of the Business Society, the prices of isooctanol in the Shandong region rose first and then fell this week. This week, the average price of isooctanol in the mainstream market in Shandong Province increased from 11120.00 yuan/ton on November 6 to 11280.00 yuan/ton on November 9, and then dropped to 11160.00 yuan/ton on November 12, a decrease of 1.06%. Overall, the market price of isooctanol increased by 0.26% this week, and the weekend price increased by 21.75% year-on-year. On November 14th, the isooctanol commodity index was 82.50, unchanged from yesterday, a decrease of 40.00% from the cycle’s highest point of 137.50 (2021-08-08), and an increase of 134.71% from the lowest point of 35.15 on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

Increased upstream support and better downstream demand

From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly increased this week, with average inventory levels.

From the upstream raw material market of isooctanol, the propylene market rose first and then fell this week. The price increased from 7090.75 yuan/ton at the beginning of the week to 7270.75 yuan/ton at the weekend, an increase of 2.54%. The weekend price decreased by 0.82% year-on-year. The upstream raw material market prices have slightly increased, leading to increased cost support and a positive impact on the price of isooctanol due to the impact of supply and demand.

From the downstream market of isooctanol, the DOP market price rose first and then fell this week. The price of DOP increased from 11241.67 yuan/ton at the beginning of the week to 11358.33 yuan/ton at the weekend, an increase of 1.04%, and the weekend price increased by 13.42% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively purchasing isooctanol.

Future prospects

In mid to late November, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The downstream DOP market has slightly increased, and downstream demand is good. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.