According to the commodity market analysis system, as of January 31st, the price of isooctanol was 7880 yuan/ton, a significant increase of 13.93% compared to the price of 6916.67 yuan/ton on January 1st; On February 4th, the price of isooctanol was 7716.67 yuan/ton, a decrease of 2.07% from the price of 7880 yuan/ton on January 31st. In January, the operating load of isooctanol enterprises increased to 9.5%, and the supply of isooctanol was sufficient. In the latter half of the year, some isooctanol enterprises underwent maintenance, and the operating rate of isooctanol enterprises decreased to 90%; The price of propylene has risen significantly, and the cost support of isooctanol has increased. The price of isooctanol increased significantly in January. In February, the prices of plasticizers fell from a high level, propylene prices fell, costs decreased, and demand fell. In February, the price of isooctanol fluctuated and fell.
Isooctanol manufacturers start production at a high level and fall back
In January, the production rate of isooctanol manufacturers increased, with a domestic isooctanol production rate of about 95%. The production of isooctanol increased, but in the latter half of the year, isooctanol enterprises underwent maintenance, and the production rate dropped to 90%. The supply of isooctanol decreased, and the support for the rise of isooctanol still exists.
The cost of raw material propylene has significantly increased
As of January 31st, the price of propylene was 6404.33 yuan/ton, a significant increase of 12.01% compared to the price of 5717.67 yuan/ton on January 1st; On February 2nd, the price of propylene was 6391 yuan/ton, a fluctuating decrease of 0.47% compared to the price of 6421 yuan/ton on January 27th. In January, the price of propylene increased significantly, with increased support for raw material prices and rising costs of isooctanol. The support for the increase in isooctanol prices increased, but in the latter half of the year, the price of propylene fell, the cost of isooctanol decreased, and the support for the increase in isooctanol prices weakened.
Downstream plasticizer DOP prices fluctuate and rise
According to the commodity market analysis system, as of January 31st, the DOP price was 8017.50 yuan/ton, a significant increase of 9.44% compared to the January 1st DOP price of 7325.84 yuan/ton; On February 4th, the DOP price was 7950.84 yuan/ton, a decrease of 0.83% from the January 31st DOP price of 8017.50 yuan/ton. In January, the operating load of plasticizer DOP enterprises slightly decreased, with an operating rate of about 63%, and DOP production decreased compared to the previous month; Due to rising costs and decreasing supply, the price of plasticizer DOP increased significantly in January, and downstream demand for isooctanol increased, providing greater support. In February, DOP enterprises saw a slight increase in production, leading to an increase in plasticizer supply. In addition, as stocking before the Spring Festival approached its end and demand declined, plasticizer prices fell in February, resulting in a decrease in demand support and a weakening of support for the rise of isooctanol.
Future expectations
According to the data analyst of Business Society’s octanol product, in terms of cost, the price of raw material propylene has significantly increased, and the driving force for the rise of isooctanol has increased. In terms of supply, the operating rate of isooctanol enterprises has increased, and the supply of isooctanol has increased; In terms of demand, DOP enterprises have started to increase production, resulting in an increase in DOP output and increased support for isooctanol demand. In terms of the future, the price of propylene fell in February, the cost support for isooctanol weakened, and the Spring Festival stocking is coming to an end. Plasticizer companies started production slightly in February, and the demand support for isooctanol still exists. The cost support has weakened, and the demand support still exists. The downward pressure on isooctanol has increased, and the upward support still exists. It is expected that the price of isooctanol will weaken and stabilize in the future.
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