This week, the price of isooctanol has stopped falling and rebounded
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyi Society, as of September 12th, the price of isooctanol was 7916.67 yuan/ton, which rebounded and increased by 1.50% compared to the price of 7800 yuan/ton on September 9th; Compared to September 1st at the beginning of the month, the price of isooctanol was 7983.33 yuan/ton, a decrease of 0.83%. This week, the price of isooctanol rebounded and rose. This week, the production of isooctanol units has gradually resumed, with an increase in isooctanol supply, an increase in downstream plasticizer DOP gross profit, an increase in DOP operating rate, an increase in demand for isooctanol, a double increase in isooctanol supply and demand, and a rebound in isooctanol prices.
Expected increase in isooctanol supply
In early September, there were many equipment shutdowns in isooctanol enterprises, and the original plan to restart isooctanol units in North China at the end of August was postponed to mid September. Several isooctanol enterprises stopped for maintenance in early September and are expected to resume operations in mid September. With the completion of the maintenance of the isooctanol equipment and the resumption of work, the expected supply of isooctanol in the future has increased, and there is still downward pressure on the price of isooctanol.
Expected increase in downstream plasticizer DOP start-up
According to the Commodity Market Analysis System of Shengyi Society, as of September 12th, the price of plasticizer DOP was 8501.25 yuan/ton, which rebounded and increased by 0.44% compared to the DOP price of 8463.75 yuan/ton on September 9th; Compared to the DOP price of 8726.25 yuan/ton on September 1st, it has decreased by 2.58%. DOP prices rebounded and rose this week. The price of isooctanol continues to decline, the profit margin of plasticizer equipment expands, and the gross profit of downstream DOP products increases compared to August. Driven by profits, downstream plasticizer companies are expected to increase their operating rates, leading to an increase in demand for isooctanol.
Future expectations
According to the data analyst of Business Society’s octanol product, the supply and demand of isooctanol market increased in September. In terms of supply, the number of isooctanol manufacturers operating has increased, leading to an increase in isooctanol supply; In terms of demand, plasticizer companies have increased their production, with a focus on purchasing essential isooctanol, leading to a rebound in demand for isooctanol; The price of raw material propylene has slightly decreased, and the cost support of isooctanol still exists. As the price of isooctanol approaches the cost line, the profit margin for isooctanol manufacturers is limited. Under cost support, both supply and demand have increased, and the future rise of isooctanol is weak. It is expected that the price of isooctanol will fluctuate and stabilize.
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