Isooctanol prices consolidated at high levels in July 

According to the SunSirs’ commodity market analysis system, as of July 29th, the price of isooctanol was 7,600 RMB/ton, a 0.66% increase from the high price of 7,550 RMB/ton on July 1st. The price of isooctanol remained high in July. Due to an increase in equipment maintenance at isooctanol plants in July, the utilization rate of isooctanol equipment dropped slightly to less than 80%, resulting in a decrease in isooctanol production and a reduction in isooctanol supply. Downstream plasticizer plant operating rates also declined, reducing demand for isooctanol. This weakened both supply and demand, leading to a high and volatile price for isooctanol.

The price of the downstream plasticizer DOP fluctuated downward

According to the SunSirs’commodity market analysis system, as of July 29, the price of DOP was 7,967.50 RMB/ton, a 3.53% decrease from the July 1 price of 8,259.17 RMB/ton. This was due to a decrease in DOP production in July, which led to a decrease in plasticizer production and a volatile decline in plasticizer prices. This decline in plasticizer production and weak demand for isooctanol reduced support for the price increase.

DOP plant operating rates dropped significantly in July, from 60% in June to around 40% in the middle of the month, with a slow recovery in the latter half of the month. Overall, the decline in DOP operating rates in July, along with declining plasticizer production and weak demand for isooctanol, reduced support for isooctanol price increases. With the resumption of DOP operating rates in the latter half of the month, DOP production increased, and isooctanol demand rebounded, It is expected that the support for the rise of isooctanol will increase in the future market.

Future outlook:

Analysts of SunSirs believe that on the demand side, plasticizer DOP equipment operating rates declined in July, resulting in a decrease in plasticizer DOP production and a decline in isooctanol demand. However, as plasticizer companies resumed production, isooctanol demand rebounded, providing further support for isooctanol's price increase in the future. On the supply side, isooctanol equipment operating rates declined, reducing isooctanol supply. Overall, with reduced isooctanol supply and an expected recovery in demand, isooctanol prices are expected to fluctuate and rise in the future.

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