The price of isooctanol fluctuated and rose in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the price of isooctanol was 8033.33 yuan/ton, a fluctuating increase of 5.70% compared to the price of 7600 yuan/ton on January 1st. In January, the equipment production of isooctanol enterprises remained stable. After the New Year’s Day holiday, inventory was replenished, and downstream manufacturers stocked up before the Spring Festival, resulting in a brief increase in demand. As a result, the price of isooctanol fluctuated and rose in January.
In January, the supply of isooctanol was sufficient and the demand increased
In January, isooctanol enterprises started production steadily, and with the continuous production of new octanol capacity, the supply of isooctanol increased. After the New Year’s Day holiday, downstream manufacturers replenished their inventory, and coupled with stocking up before the Spring Festival, the demand for isooctanol increased, leading to an increase in isooctanol prices.
Downstream plasticizer DOP prices fluctuate and rise in January
According to the Commodity Market Analysis System of Shengyi Society, as of January 7th, the DOP price was 8513.75 yuan/ton, a fluctuating increase of 3.49% compared to the DOP price of 8226.25 yuan/ton on January 1st. The profit margin of plasticizer DOP is high, and plasticizer enterprises are actively operating. The operating rate of downstream plasticizer enterprises is high, and plasticizers have a certain positive support for the demand for isooctanol. Plasticizer enterprises replenish their inventory and purchase isooctanol after the holiday, and downstream demand for isooctanol is supported.
Future expectations
The data analyst of Business Society’s octanol product believes that in January, the equipment production of isooctanol enterprises was at a high level, and with the addition of new production capacity, the shortage of isooctanol supply was alleviated, resulting in significant downward pressure on isooctanol; High profits, active downstream production, and post holiday inventory replenishment and pre Spring Festival stocking have provided significant support for demand for isooctanol. In the future, the supply shortage of isooctanol has been alleviated, with strong demand support. It is expected that the price of isooctanol will fluctuate and stabilize in the future.
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