Recent price trends of isooctanol

According to the Commodity Analysis System of Business Society, the domestic tetrahydrofuran market price has temporarily stabilized this week. The average price of tetrahydrofuran in the mainstream domestic market this week is 12675.00 yuan/ton. Weekend prices fell by 14.65% year-on-year.

Upstream support is good, while downstream demand is average

From the supply side perspective, the prices of mainstream domestic tetrahydrofuran distributors are temporarily stable this week, with average inventory levels.

From the upstream raw material market of tetrahydrofuran, the market for 1,4-butanediol has slightly declined this week, with prices dropping from 11528.57 yuan/ton at the beginning of the week to 11485.71 yuan/ton at the end of the week, a decrease of 0.37%. Weekend prices increased by 13.02% year-on-year. The market situation of maleic anhydride has slightly increased this week, with prices rising from 7160 yuan/ton at the beginning of the week to 7360 yuan/ton at the weekend, an increase of 2.79%. Weekend prices fell by 4.17% year-on-year. Overall, the upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of tetrahydrofuran.

From the downstream market situation of tetrahydrofuran, the spandex market price has stabilized at a high level this week. The price of spandex is 33625.00 yuan/ton. Weekend prices increased by 2.67% year-on-year. Downstream spandex market prices have stabilized at high levels, and downstream customers are actively purchasing tetrahydrofuran.

Future prospects

In late August, the domestic tetrahydrofuran market may experience slight fluctuations and gains. The upstream maleic anhydride market has slightly increased, with good cost support. The downstream spandex market has stabilized at a high level, and downstream demand is good. Business Society tetrahydrofuran analysts believe that in the short term, the domestic tetrahydrofuran market may fluctuate slightly and rise mainly due to various factors such as supply and demand and raw materials.

Price trend

This week, the domestic EVA market remained stable, with spot prices hovering at high levels. According to data monitoring from Business Society, as of August 25th, the average factory price of EVA in China was 14000 yuan/ton, an increase of 2.69% compared to the beginning of the month.

Cause analysis

The domestic EVA market has stabilized slightly this week. On the supply side, the operating rate of the EVA industry has decreased compared to last week, and the overall load position is around 68%. The market supply is relatively low, and factory inventory pressure is still acceptable. The profitability of EVA polymerization plants fluctuates broadly within a narrow range, while factory prices remain stable. The social inventory pressure is average, and the confidence of traders is supported by aggregation factories and tends to be stable. On the demand side, there has been no improvement in the current support for EVA price on the demand side compared to the previous period. The maintenance of demand for photovoltaic materials and the phased stocking of terminal enterprises are the main support for the demand side. The follow-up of foam materials towards terminal enterprises lags behind, resulting in low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stock preparation operation on the site is clearly differentiated, and this week, companies have a moderate acceptance of high priced goods, with prices mainly operating horizontally.

Overall, the supply of EVA in the market has decreased significantly this week, and the downstream demand side is still driven by the main force of photovoltaics. Overall, companies mainly offer stable prices, with merchants following the market, while some photovoltaic offers have increased. The continuous poor demand for foaming has dragged down the overall market. It is expected that in the short term, the domestic EVA market may continue to fluctuate in a narrow range due to the continuation of the game market.

According to the Commodity Market Analysis System of the Business Society, as of August 24th, the average price quoted by epichlorohydrin enterprises was 8325.00 yuan/ton, a decrease of 1.48% compared to Monday’s price and 26.97% compared to the same period last year.

This week, the market for epichlorohydrin was weak. Recently, the price of raw material glycerol has been mainly stable, while the price of raw material propylene has decreased. Cost support is weak, and the utilization rate of supply side production capacity is relatively flat compared to the previous period. Downstream demand is weak, and inventory raw materials are mainly consumed. The enthusiasm for inquiry procurement is insufficient, and small orders are mainly needed to follow up. Holders are under pressure to ship, resulting in a decrease in enterprise quotations.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on August 23 was 6763.25, an increase of 0.74% compared to August 1 (6713.25).

Downstream epoxy resin, according to the Commodity Market Analysis System of Business Society, the reference price of epoxy resin on August 23 was 14666.67, an increase of 3.29% compared to August 1 (14200.00).

Analysts from Business Society’s epichlorohydrin believe that the current market is not supported by good news, and it is expected that the epichlorohydrin market may be weak in the short term. More attention still needs to be paid to market news guidance.

Product name: Isooctanol

Latest price (August 23rd): 12200.00/ton

On August 23rd, the market price of isooctanol in Shandong Province slightly increased, increasing by 233.33 yuan/ton or 1.95% compared to August 22nd, with a year-on-year increase of 47.58%. Upstream propylene prices continue to rise, with strong cost support. The downstream DOP market is consolidating at a high level, and downstream demand is good. Multiple benefits are good, but the product trend is upward under the contradiction between supply and demand.

Recently, the market price of isooctanol in Shandong region may fluctuate slightly, with an average market price of around 12500 yuan/ton.

According to the Commodity Market Analysis System of the Business Society, the asphalt market is weak and volatile. From August 15th to 22nd, the price of asphalt in Shandong fell from 3759 yuan/ton to 3749 yuan/ton, a decrease of 0.27%, a month on month decrease of 1.36%, and a year-on-year decrease of 15.65%. There is still an imbalance between supply and demand, with significant supply pressure and a short-term weakness in the asphalt market.

On the supply side, the comprehensive operating rate of the asphalt industry has increased month on month for major production enterprises, and there is a negative impact on the supply side.

On the cost side, in terms of crude oil: International crude oil prices are weak and volatile. As of August 21, the settlement price of the main contract for WTI crude oil futures in the United States is at $80.12 per barrel, while the settlement price of the main contract for Brent crude oil futures is at $84.46 per barrel.

On the demand side, the demand for asphalt in the market is relatively flat, with varying demand in different regions. The market has slowly recovered in the early stages of demand, and demand in some regions has gradually increased. However, some regions are still difficult to show significant improvement due to the impact of rainfall. The demand side of the asphalt market has a relatively stable impact.

As of the close of August 22nd, the oil asphalt futures market has declined. The main asphalt contract 2311 opened at 3790 yuan/ton, with a maximum price of 3808 yuan/ton and a minimum price of 3779 yuan/ton. It closed at 3797 yuan/ton in the end, a decrease of 8 yuan/ton compared to the previous trading day, a decrease of 0.21%. The trading volume is 231760 lots, the holding volume is 367492 lots, and the daily increase is -6089.

In the future market forecast, the supply continues to be high, and from the demand side, there will be short-term rainfall in the northeast region of North China, which may hinder demand. Business Society asphalt analysts predict that the domestic asphalt market will be mainly weak in the short term.