The price of isooctanol first fell and then rose in May
According to the Commodity Market Analysis System of Shengyi Society, as of May 29th, the price of isooctanol was 7533.33 yuan/ton, a decrease followed by an increase of 0.67% compared to the price of 7483.33 yuan/ton on May 1st; Compared to May 12th, the price of isooctanol fluctuated and rose by 4.87% to 7183.33 yuan/ton. In May, the price of isooctanol continued its volatile downward trend from April. Since mid May, China and the United States have started economic and trade talks, international trade tariffs have eased, and demand for isooctanol is expected to rebound. The price of isooctanol has hit the bottom and rebounded; The production capacity of isooctanol enterprises has increased, and the supply of isooctanol is sufficient. In addition, the demand recovery is not as expected, and the support for the price increase of isooctanol is limited.
Downstream plasticizer DOP prices hit bottom and rebounded in May
According to the Commodity Market Analysis System of Shengyi Society, as of May 29th, the DOP price was 8255.83 yuan/ton, a decrease followed by an increase of 1.33% compared to the DOP price of 8147.50 yuan/ton on May 1st; Compared to May 11th, the DOP price of 7850 yuan/ton fluctuated and rose by 5.17%. The operating rate of DOP plasticizer enterprises is temporarily stable. With the economic and trade talks between China and the United States, tariff easing, the expected increase in demand for plasticizers, the increase in plasticizer production, and the expected rebound in demand for isooctanol, the price of isooctanol first fell and then rose.
Future expectations
According to the data analyst of Shengyi Society’s octanol products, the increase in production of plasticizer enterprises has led to a rebound in demand for plasticizers, an increase in production of plasticizer enterprises, and a rebound in downstream demand for isooctanol; The production capacity of isooctanol enterprises has increased, with stable operation and sufficient supply of isooctanol. In the future, with sufficient supply and a rebound in demand, it is expected that the price of isooctanol will stabilize strongly.
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