Recent price trends of isooctanol
| Sulfamic acid |
According to the commodity analysis system of the business agency, the market price of isooctanol in Shandong fell slightly this week. This week, the average price of isooctanol in the mainstream market in Shandong Province dropped from 9460.00 yuan/ton at the beginning of the week to 8960.00 yuan/ton at the end of the week, a decrease of 5.29%. Weekend prices fell by 27.94% year-on-year. On June 4th, the isooctanol commodity index was 65.88, unchanged from yesterday, a decrease of 52.09% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 87.43% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Insufficient upstream support and weakened downstream demand
From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have slightly decreased this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market has slightly declined this week, with prices dropping from 6470.75 yuan/ton at the beginning of the week to 6340.75 yuan/ton at the end of the week, a decrease of 2.01%. Weekend prices fell by 21.53% year-on-year. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isooctanol was negatively affected.
From the downstream market of isooctanol, the factory price of DOP has slightly decreased this week. The price of DOP dropped from 9817.50 yuan/ton at the beginning of the week to 9560.00 yuan/ton at the weekend, a decrease of 2.62%. Weekend prices fell by 19.83% year-on-year. Downstream DOP prices have slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.
Future prospects
In mid to late June, the Shandong isooctanol market may experience slight fluctuations and declines. The upstream propylene market has slightly declined, with insufficient cost support. Downstream DOP market slightly declined, and downstream demand weakened. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience minor fluctuations and declines due to various factors such as supply and demand and raw materials.
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