Recent price trends of isooctanol
| PVA |
According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong Province has slightly increased this week. This week, the average price of isooctanol in the mainstream market of Shandong region increased from 11400.00 yuan/ton at the beginning of the week to 11760.00 yuan/ton at the weekend, an increase of 3.16%. Weekend prices increased by 40.56% year-on-year. On August 21, the isooctanol commodity index was 86.18, a decrease of 0.29 points compared to yesterday, a decrease of 37.32% from the highest point of 137.50 points in the cycle (2021-08-08), and an increase of 145.18% from the lowest point of 35.15 points on February 1, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)
Upstream support is good, while downstream demand increases
From the supply side perspective, the prices of mainstream manufacturers of isooctanol in Shandong have fluctuated this week, with average inventory levels.
From the upstream raw material market of isooctanol, the propylene market fluctuated and rose this week, with prices rising from 6788.25 yuan/ton at the beginning of the week to 6813.25 yuan/ton at the weekend, an increase of 0.37%. Weekend prices fell by 3.09% year-on-year. 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 isooctanol.
From the downstream market of isooctanol, the DOP market price has slightly increased this week. The price of DOP increased from 11516.67 yuan/ton at the beginning of the week to 11608.33 yuan/ton at the weekend, an increase of 0.80%. Weekend prices increased by 27.39% year-on-year. Downstream DOP prices have slightly increased, and downstream customers are actively increasing their purchases of isooctanol.
Future prospects
In late August, the Shandong isooctanol market may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The downstream DOP market has slightly increased, and downstream demand has increased. Business Society Isooctanol analysts believe that in the short term, the domestic isooctanol market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.
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