The price of isooctanol fluctuated and rose this week

The price of isooctanol fluctuated and rose this week

According to the Commodity Market Analysis System of Shengyishe, as of June 11th, the price of isooctanol was 10140 yuan/ton, a fluctuation increase of 2.42% compared to the price of isooctanol on June 1st, which was 9900 yuan/ton. This week, the price of isooctanol fluctuated slightly and rose. Since the domestic isooctanol market bottomed out in mid April, the price center of isooctanol has slowly shifted upwards. Isooctanol manufacturers are limited in quantity and reluctant to sell, while downstream customers have a strong demand for purchases, which provides significant support for the rise of isooctanol.

The price of raw material propylene fluctuated and rose this week

According to the propylene commodity market analysis system of Shengyishe, as of June 11th, the propylene price was 6986.60 yuan/ton, a fluctuating increase of 1.93% compared to the propylene price of 6854.60 yuan/ton on June 1st. Crude oil prices fluctuate and consolidate, while propylene cost support still exists. This week, propylene prices fluctuate and rise; Downstream production of propylene has decreased, downstream customers have just needed to purchase, and propylene manufacturers have average shipments. The supply and demand of the propylene market are weak, and the price of propylene is consolidating strongly.

Downstream plasticizer prices fluctuate and rise this week

According to the Commodity Market Analysis System of Business Society, as of June 11th, the price of plasticizer DOP was 10362.50 yuan/ton, an increase of 2.47% from the DOP price of 10112.50 yuan/ton on June 1st of the month; On June 11th, the price of DOTP was 10375 yuan/ton, an increase of 2.34% compared to 10137.50 yuan/ton on June 1st at the beginning of the month. The price of raw material for plasticizers, phthalic anhydride, remains strong and temporarily stable, while the price of isooctanol fluctuates and rises. The cost of plasticizers has increased, and the profitability of plasticizers has decreased. The production of plasticizer enterprises has decreased, and the supply of plasticizers is sufficient.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, the price of propylene fluctuates and rises, while the cost of isooctanol is strongly supported; On the supply side, iso octanol manufacturers have low inventory and average shipments; In terms of demand, downstream plasticizer product prices of isooctanol have fluctuated and risen, and downstream demand support still exists. In the future, with tight supply and demand support for isooctanol, cost support is significant, and it is expected that the price of isooctanol will fluctuate and rise in the future.