The price of isooctanol fluctuated and fell in May
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyishe, as of May 30th, the quotation for isooctanol was 9910 yuan/ton, an increase of 2.59% from the fluctuation of isooctanol price of 9660 yuan/ton on May 1st. In May, the price of isooctanol was at the bottom of the market, and there was limited room for its decline. Since the domestic isooctanol market hit bottom in mid April, the price center of isooctanol has slowly shifted upwards. From the perspective of raw materials, the price of propylene has stabilized at a high level, while the cost support for isooctanol still exists, and the price of isooctanol has fluctuated and risen; From the demand side, in May, downstream plasticizers and isooctyl acrylate units took turns undergoing maintenance, resulting in low sustainability of buying and consolidation of isooctyl alcohol. The market for isooctanol lacks continuous upward momentum, and the price of isooctanol has fluctuated slightly.
Strong consolidation of propylene prices in May
According to the propylene commodity market analysis system of Shengyishe, as of May 30th, the propylene price was quoted at 6860.60 yuan/ton, which is a volatile increase of 0.88% compared to the propylene price of 6800.60 yuan/ton on May 1st. Crude oil prices fluctuate and consolidate, while propylene cost support still exists. In May, propylene prices fluctuate and consolidate; The shutdown of propylene production units has dragged down the market, resulting in a decrease in downstream production of propylene. Downstream customers are in urgent need of procurement, and propylene manufacturers have average shipments. The supply and demand of the propylene market are weak, and propylene prices are consolidating strongly.
Downstream fluctuations and increases in the isooctanol industry chain in May
According to the commodity market analysis system of Business Society, the isooctanol industry chain saw a full rise in May. The upstream propylene price has slightly increased, and downstream products in the isooctanol industry chain have all experienced varying degrees of increase. The demand for isooctanol has increased, and the price of isooctanol fluctuated and rose in May. Downstream demand is rising, and the momentum for the rise of isooctanol in the future is increasing.
Future expectations
According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices are consolidating strongly, while the cost support for isooctanol still exists; On the supply side, the inventory of isooctanol manufacturers is low, and manufacturers are actively shipping, resulting in sufficient supply of isooctanol; In terms of demand, downstream product prices of isooctanol fluctuated and increased in May, leading to increased support for downstream demand. In the future, with sufficient supply and increased demand support for isooctanol, cost support still exists, and it is expected that the price of octanol will fluctuate strongly and consolidate in the future.
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