Recent price trend of isooctanol
As can be seen from the above figure, the ex factory price of isooctanol in Shandong Province rose first and then fell this week. This week, the average price of isooctanol in Shandong rose from 14766.67 yuan / ton on May 24 to 14933.33 yuan / ton on May 25, up 1.13%, and then fell to 14800.00 yuan / ton on May 28, down 0.89%, up 122.00% year on year. Overall, the market of isooctanol rose slightly this week, with the isooctanol commodity index at 108.82 on May 28.
The maintenance was basically completed and the supply began to increase
From the manufacturer’s quotation, the factory quotation of Shandong’s mainstream ISO octanol manufacturers rose this week: Jianlan chemical’s quotation of ISO octanol this weekend was 14800 yuan / ton, which was temporarily stable compared with that at the beginning of the week; Lihuayi quoted 14800 yuan / ton of ISO octanol this weekend, up 100 yuan / ton from the beginning of the week; Hualu Hengsheng quoted 14800 yuan / ton of ISO octanol this week, which was temporarily stable compared with the beginning of the week. The maintenance of the ISO octanol plant was completed and the production began to resume. The overall operating rate of the ISO octanol industry increased, and the spot supply of ISO octanol increased.
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of ISO octanol fell slightly this week, with the quoted price falling from 8114.36 yuan / ton at the beginning of the week to 8043.09 yuan / ton at the end of the week, a decrease of 0.88%, and a year-on-year increase of 22.27%. The upstream raw material market prices fell slightly, affected by the supply and demand side, which had a negative impact on the price of isooctanol.
Isooctanol downstream market, this week DOP factory prices fell slightly. DOP quotation fell from 13300.00 yuan / ton at the beginning of the week to 13000.00 yuan / ton at the end of the week, down 2.26%, up 83.96% year on year. Downstream DOP prices fell slightly, downstream customers’ enthusiasm for octanol procurement was general, and the demand for isooctanol was general.
Oversupply and bearish outlook
In the first ten days of June, the market trend of isooctanol in Shandong may fluctuate slightly. On the whole, the production of ISO octanol plant has started recently, and the supply has increased, but the downstream market is poor, the demand is general, and the supply exceeds the demand. As a result, isooctanol analysts from the business community believe that in early June, the domestic market for isooctanol may fluctuate slightly.