The price of isooctanol has risen significantly this week

According to the Commodity Market Analysis System of Shengyi Society, as of December 5th, the price of isooctanol was 7066.67 yuan/ton, a significant increase of 6.27% compared to the price of 6650 yuan/ton on December 1st. Some enterprises have undergone maintenance and repair of their isooctanol equipment, resulting in a decrease in the operating load of isooctanol facilities. The operating rate of isooctanol has dropped to 70%, and the supply of isooctanol is tight; The price of propylene is consolidating strongly, and the cost support of isooctanol still exists; The price of plasticizers has risen significantly, and the downstream demand for isooctanol has increased support; This week, the supply of isooctanol decreased, coupled with increased downstream support, and the upward support for isooctanol increased, resulting in a significant increase in isooctanol prices.
The production of isooctanol manufacturers has decreased
This week, the production of isooctanol manufacturers has slightly declined, with a domestic isooctanol production rate of 74%, a decrease of nearly 10% from the end of November. The domestic weekly production of isooctanol is 60000 tons, a decrease of 4000 tons from last week. The production of isooctanol has decreased, the supply of isooctanol has decreased, and the upward momentum of isooctanol has increased.
The cost of raw material propylene has risen
According to the Commodity Market Analysis System of Shengyi Society, as of December 5th, the price of propylene was 6188.25 yuan/ton, a fluctuating increase of 0.53% compared to the price of 6155.75 yuan/ton on December 1st. This week, the price of propylene has been consolidating strongly, and the support for raw material prices still exists. The cost of isooctanol has risen, and the support for the price increase of isooctanol has increased.
Downstream plasticizer DOP prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of December 5th, the DOP price was 7209.16 yuan/ton, a fluctuating increase of 2.12% compared to the DOP price of 7059.16 yuan/ton on December 1st. The cost of DOP has increased, the operating load of plasticizer DOP enterprises has decreased, the operating rate has dropped to 64%, DOP production has decreased, the demand for isooctanol has weakened, and the support for the price increase of isooctanol has weakened.
Future expectations
Analysts believe that in terms of cost, the price of raw material propylene is strongly consolidating, and the upward momentum of isooctanol still exists. In terms of supply, the operating rate of isooctanol enterprises has decreased, and the supply of isooctanol has decreased; In terms of demand, DOP enterprises have experienced a slight decrease in production, resulting in a decrease in DOP output and weakened support for isooctanol demand. In the future, the cost support of isooctanol still exists, coupled with reduced supply and limited demand support, the downward pressure on isooctanol has weakened, and the upward support still exists. It is expected that the price of isooctanol will stabilize strongly in the future.