Recent price trend of isooctanol
| PVA |
As can be seen from the figure above, the ex factory price of isooctanol in Shandong Province fell slightly this week. This week, the average ex factory price of mainstream isooctanol manufacturers in Shandong Province dropped from 9266.67 yuan/ton at the end of last week to 8866.67 yuan/ton at the end of this week, a decline of 4.32%, and a year-on-year drop of 48.55% compared with the same period last year. On September 12, the isooctanol commodity index was 65.20, unchanged from yesterday, down 52.58% from the peak of 137.50 (2021-08-08) in the cycle, and up 85.49% from the lowest point of 35.15 on February 1, 2016. (Note: Period refers to 2011-09-01 to now)
The upstream support is strengthened, while the downstream demand is weakened
From the manufacturer’s quotation, the ex factory quotation of Shandong isooctanol mainstream manufacturers fell slightly this week.
From the perspective of the upstream raw material market of isooctanol, the propylene market rose slightly this week, with the price rising from 7040.60 yuan/ton at the weekend to 7320.60 yuan/ton at the weekend, an increase of 3.98%, 4.26% lower than the same period last year. The market price of upstream raw materials rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of isooctanol.
From the downstream market of isooctanol, the DOP factory price fell slightly this week. The DOP price dropped from 10050.00 yuan / ton at the end of last week to 9650.00 yuan / ton at the end of this week, a decrease of 3.98%, a year-on-year decrease of 34.02%. Downstream DOP prices fell slightly, and downstream customers’ enthusiasm for purchasing isooctanol weakened.
The upstream support is strengthened, the downstream demand is weakened, and the future market of isooctanol is bullish
In the middle of September, the market of Shandong isooctanol rose slightly. The upstream propylene market rose slightly, the cost support increased, the downstream DOP market fell slightly, and the downstream demand was insufficient. According to the isooctanol analysts of the business community, the short-term domestic isooctanol market may rise slightly due to the influence of supply and demand, raw materials and other aspects.
| http://www.pva-china.net |