Price trend
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Details of the market price of isooctanol in Shandong on October 15 |
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Factory |
October 14 |
October 15 |
variation |
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Lihuayi |
6,500 RMB/ton |
6,500 RMB/ton |
0 RMB/ton |
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Luxi Chemical |
6,500 RMB/ton |
6,500 RMB/ton |
0 RMB/ton |
|
Hualu Hengsheng |
6,650 RMB/ton |
6,650 RMB/ton |
0 RMB/ton |
On October 14th, the SunSirs propylene to isooctanol price index was 111.95 point, up 0.09 points from the previous day, down 43.79% from its cyclical high of 199.16 points (April 13, 2020), and up 135.78% from its cyclical low of 47.48 points (August 8, 2021). (Note: The cyclical period refers to the period from January 1, 2012 to the present).
According to the commodity analysis system of SunSirs: On October 15, the average market price of isooctanol in Shandong was 6,550 RMB/ton, which was more stable than the previous trading day.
Analysis review
Upstream propylene prices were fluctuating but stabilizing, while isooctanol prices were consolidating due to cost support. Downstream plasticizer prices were weakening and stabilized, with downstream purchasing activity weakening. Declining isooctanol plant operating rates and declining profits were driving isooctanol manufacturers to raise prices. The upward support for octanol still existed and the downward pressure had weakened.
If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
