Recent price trend of isooctanol
|Azodicarbonamide (AC foaming Agent)|
As can be seen from the above figure, the ex factory price of isooctanol in Shandong rose this week. This week, the average ex factory quotation price of isooctanol mainstream in Shandong increased from 14333.33 yuan / ton at the beginning of the week to 15500.00 yuan / ton at the end of the week, an increase of 8.14%, a year-on-year increase of 105.75% over the same period last year. On the whole, the isooctanol market rose slightly this week and showed a downward trend at the weekend. On October 15, the isooctanol commodity index was 113.97.
Downstream demand weakened and isooctanol supply was normal
From the manufacturer’s quotation, the ex factory quotation of mainstream manufacturers of isooctanol in Shandong increased this week: Jianlan chemical’s quotation of isooctanol this weekend was about 15500 yuan / ton, which increased by 1500 yuan / ton compared with that at the beginning of the week, dominated by contracts; The quotation of lihuayi isooctanol this weekend is 15500 yuan / ton, which is 1000 yuan / ton higher than that at the beginning of the week; Hualu Hengsheng offered 15500 yuan / ton of isooctanol this weekend, up 500 yuan / ton compared with the beginning of the week.
From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isooctanol fell slightly this week. The quotation fell from 9650.67 yuan / ton at the beginning of the week to 9542.33 yuan / ton at the end of the week, down 1.12%, up 26.83% year-on-year compared with the same period last year. The market price of upstream raw materials fell slightly, which had a negative impact on the price of isooctanol due to the impact of supply and demand.
In the downstream market of isooctanol, the ex factory price of DOP fell slightly this week. DOP quotation decreased from 14150.00 yuan / ton at the beginning of the week to 13825.00 yuan / ton at the end of the week, a decrease of 2.30%, an increase of 85.16% over the same period last year. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for isooctanol procurement weakened.
Weak demand and bearish outlook
In late October, the market trend of Shandong isooctanol may fluctuate slightly. Upstream propylene fell slightly, cost support was limited, downstream DOP began to fall, downstream market was general, and demand weakened. Therefore, the isooctanol analysts of business society believe that the domestic isooctanol market may fluctuate slightly in late October.