According to the Commodity Analysis System of Business Society, the market price of isooctanol in Shandong Province increased significantly in December. The price of isooctanol increased from 11500 yuan/ton at the beginning of the month to 12950 yuan/ton at the end of the month, an increase of 12.61%, and the price at the end of the month increased by 32.14% year-on-year.

On December 28th, the isooctanol commodity index was 95.22, a decrease of 0.37 points from yesterday, a decrease of 30.75% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 170.90% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)

From the supply side perspective, the mainstream market price of isooctanol in Shandong has significantly increased this month, with average inventory levels.

Cost side: Propylene market fluctuates and falls

In December, the ex factory price of propylene fluctuated and fell, dropping from 7105.75 yuan/ton at the beginning of the month to 6868.25 yuan/ton at the end of the month, a decrease of 3.34%, and a year-on-year decrease of 5.27% at the end of the month. The upstream market has slightly declined, with insufficient cost support, which has a bearish impact on the price of isooctanol.

On the demand side, the DOP market has seen a significant increase

The market price of DOP increased significantly in December. The price of DOP increased from 11450 yuan/ton at the beginning of the month to 12091.67 yuan/ton at the end of the month, an increase of 5.60%, and the price at the end of the month increased by 23.38% year-on-year. The downstream market has slightly increased, and downstream customers are more enthusiastic about purchasing isooctanol.

Looking at the future market: In mid to early January, the Shandong isooctanol market may experience a slight fluctuation and rise, with consolidation being the main trend. Upstream propylene prices have shown an upward trend at the end of the month, with increased cost support. The downstream DOP market has recently seen a significant increase, and downstream manufacturers are more proactive in purchasing isooctanol. Analysts from Shengyishe Isooctanol believe that in the short term, the Shandong Isooctanol market may experience slight fluctuations and gains due to various factors such as supply and demand, as well as raw materials.