Consolidation after the price drop of isooctanol
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According to the Commodity Market Analysis System of Shengyishe, as of April 16th, the quotation for isooctanol was 9620 yuan/ton, an increase of 1.48% from the fluctuation of isooctanol price of 9480 yuan/ton on April 7th; Compared to April 1st, the price of isooctanol at 10060 yuan/ton fluctuated and decreased by 4.37%. After a sharp drop in April, the price of isooctanol stabilized at a low level, and there was a rebound trend in the price of isooctanol after the Qingming Festival.
The price of propylene, a raw material for isooctanol, has fluctuated and risen, supporting costs and reducing the downward pressure on isooctanol; Downstream customers are becoming more proactive in purchasing, and in the future, iso octanol manufacturers are actively shipping. The positive support for iso octanol is increasing.
Propylene prices fluctuate slightly and rise
According to the propylene commodity market analysis system of Shengyishe, as of April 16th, the propylene quotation was 6906.60 yuan/ton, a fluctuation increase of 0.85% compared to the propylene price of 6848.60 yuan/ton on April 1st. The price of crude oil continues to rise, the cost of propylene increases, and the price of propylene fluctuates slightly; Downstream production of propylene has increased, downstream customers are actively purchasing, and propylene enterprises have a greater willingness to raise prices.
Downstream oscillation and decline in the isooctanol industry chain
According to the commodity market analysis system of Business Society, the isooctanol industry chain experienced a volatile decline in April. As of April 16th, except for a slight increase in propylene, all products in the isooctanol industry chain experienced varying degrees of decline in April. In April, downstream products of isooctanol fluctuated and fell, and the demand for isooctanol was not supported enough. After the Qingming Festival, downstream products showed varying degrees of increase, and the downward pressure on isooctanol weakened. In the future, the support for the rise of isooctanol increased.
Future expectations
According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices have slightly fluctuated and risen, while the cost support for isooctanol has increased; On the supply side, iso octanol manufacturers have low inventory and smooth shipments; In terms of demand, downstream product prices in the isooctanol industry chain fluctuated and fell in April. Downstream products rebounded after the Qingming Festival, and the support for downstream demand growth increased. In the future, with stable supply and rising demand for octanol, and cost support, the support for octanol’s future rise is increasing. It is expected that octanol prices will fluctuate slightly in the future.
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