Isooctanol prices rebounded after the holiday

According to the SunSirs commodity market analysis system, as of October 11, the price of isooctanol was 6,533.33 RMB/ton, a 2.00% decrease from the October 1 price of 6,666.67 RMB/ton, and a 0.77% increase from the price of 6,483.33 RMB/ton on October 10. Due to maintenance at some companies' isooctanol equipment, the operating load of isooctanol plants decreased slightly after the holiday, resulting in a decrease in isooctanol supply. With isooctanol profits nearing the cost line, manufacturers were strongly willing to maintain prices. The decline in supply after the holiday, coupled with companies replenishing their inventories, led to a rebound in isooctanol prices.

Downstream plasticizer DOP prices fluctuated and fell

According to the SunSirs Commodity Market Analysis System, as of October 11, the price of DOP was 7,309.16 RMB/ton, a 0.79% decrease from the price of 7,367.50 RMB/ton on October 1. DOP prices had fluctuated and declined since the holiday. DOP companies were operating at less than 60% capacity, with a slight decline in operating rates. This weakened demand for isooctanol and continued downward pressure on its price.

Market outlook

Analysts of SunSirs believe that on the supply side, declining isooctanol profits led to a strong willingness by isooctanol manufacturers to maintain prices. This led to a slight decrease in equipment operating rates, resulting in a decline in isooctanol supply. This, coupled with post-holiday inventory replenishment, had provided increased support for isooctanol's price increase. On the demand side, DOP prices fluctuated downward, with DOP manufacturers' operating rates slightly declining, weakening demand for isooctanol. Looking ahead, weak demand for isooctanol remains, putting significant downward pressure on prices. However, declining supply and post-holiday inventory replenishment have led to a strong willingness for price increases. lIt is expected that the price of isooctanol will fluctuate and consolidate in the future market.

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