Isooctanol prices fluctuated and fell in August
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the price of isooctanol was 7383.33 yuan/ton, a fluctuating decrease of 1.99% compared to the price of 7533.33 yuan/ton on August 1st. In early August, the price of isooctanol fluctuated and fell. In August, the production of isooctanol equipment resumed, and the operating rate of isooctanol equipment slightly increased. New production capacity of isooctanol was added, and the supply of isooctanol increased; Downstream plasticizer companies have resumed production, leading to an increase in demand for isooctanol and a double increase in supply and demand. As a result, the price of isooctanol has fluctuated and fallen.
Downstream plasticizer DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 12th, the DOP price was 7809.16 yuan/ton, a fluctuating decrease of 1.84% compared to the DOP price of 7955.83 yuan/ton on August 1st. In August, DOP production increased to 6.6%, plasticizer production increased, and plasticizer prices fluctuated and fell. The production of plasticizers has increased, the demand for isooctanol has increased, and the support for the rise in isooctanol prices still exists.
In August, DOP enterprises increased their production, with a stable operating rate of 6.60%. The production of plasticizers increased, and the demand for isooctanol increased. The support for the rise in isooctanol prices still exists.
Future expectations
According to the data analyst of Shengyi Society’s octanol product, in terms of demand, the start of DOP equipment in plasticizer companies increased in August, resulting in an increase in DOP production and a rebound in demand for isooctanol. This will increase the support for the rise of isooctanol in the future market; In terms of supply, the equipment production of isooctanol enterprises has increased, coupled with the production of new isooctanol capacity, resulting in an increase in isooctanol supply. Overall, the supply and demand of isooctanol have increased, but overall isooctanol is still in the stage of accumulation, and it is expected that the price of isooctanol will fluctuate and fall in the future.