Recent price trends of isooctanol
According to the Commodity Analysis System of Business Society, the market price of isooctanol in Shandong Province has slightly declined this week. This week, the average price of isooctanol in the mainstream market in Shandong Province dropped from 12700.00 yuan/ton at the beginning of the week to 12650.00 yuan/ton over the weekend, a decrease of 0.39%, and the weekend price increased by 30.86% year-on-year. On December 18th, the isooctanol commodity index was 93.75, an increase of 0.74 points from yesterday, a decrease of 31.82% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 166.71% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)
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Upstream support is good, while downstream demand is average
From the supply side perspective, mainstream manufacturers of Shandong isooctanol have seen fluctuations in their quotes this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market saw a slight increase this week, with prices rising from 6968.25 yuan/ton at the beginning of the week to 6983.25 yuan/ton at the weekend, an increase of 0.22%, and a year-on-year decrease of 8.22% over the weekend. The upstream raw material market prices have slightly increased, with good cost support. Due to the impact of supply and demand, it has a positive impact on the price of isooctanol.
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From the downstream market of isooctanol, the DOP market price has slightly increased this week. The price of DOP increased from 11616.67 yuan/ton at the beginning of the week to 11716.67 yuan/ton on the weekend, an increase of 0.86%, and the weekend price increased by 17.64% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively purchasing isooctanol.
Future prospects
In late December, the market for isooctanol in Shandong may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The downstream DOP market has slightly increased, and downstream demand has increased. Business Society Isooctanol analysts believe that in the short term, the domestic Isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.
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