Recent price trend of isooctanol
As can be seen from the above figure, the ex factory price of isooctanol in Shandong Province fell this week. This week, the average ex factory quotation price of isooctanol in Shandong Province dropped from 16700.00 yuan / ton at the beginning of the week to 14533.33 yuan / ton at the end of the week, a decrease of 12.97%, up 123.59% compared with the same period last year. Overall, the market of isooctanol fell sharply this week, with the isooctanol commodity index at 106.86 on May 21.
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 fell this week: Jianlan chemical’s quotation of ISO octanol this weekend was 14500 yuan / ton, down 2200 yuan / ton compared with that at the beginning of the week; Lihuayi quoted 14300 yuan / ton of ISO octanol this weekend, down 2300 yuan / ton compared with the beginning of the week; Hualu Hengsheng quoted 14800 yuan / ton of ISO octanol this week, down 2000 yuan / ton 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 sharply this week. The quoted price dropped from 8334.82 yuan / ton at the beginning of the week to 8034.82 yuan / ton at the end of the week, a decrease of 3.60%, and a year-on-year increase of 15.13%. The price of raw materials in the upstream market fell sharply, which was affected by the supply and demand side and had a negative impact on the price of isooctanol.
Isooctanol downstream market, this week DOP factory prices fell slightly. DOP quotation fell from 13575.00 yuan / ton at the beginning of the week to 13250.00 yuan / ton at the end of the week, down 2.39%, up 88.39% 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 late May, 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 late May, the domestic market for isooctanol may drop slightly.
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