Price trend
|
Details of the market price of isooctanol in Shandong on May 12 |
|||
|
Factory |
May 11 |
May 12 |
variation |
|
Lihuayi |
8,700 RMB/ton |
8,600 RMB/ton |
-100 RMB/ton |
|
Luxi Chemical |
9,000 RMB/ton |
8,700 RMB/ton |
-300 RMB/ton |
|
Hualu Hengsheng |
9,200 RMB/ton |
9,000 RMB/ton |
-200 RMB/ton |
On May 11, the SunSirs Commodity Price Ratio Index for Propylene vs. Isooctanol stood at 118.73 points, an increase of 0.13 points from the previous day. This figure represents a 40.38% decline from the cycle's peak of 199.16 points (recorded on April 13, 2020) and a 150.06% increase from the cycle's low of 47.48 points (recorded on August 8, 2021). (Note: The cycle period spans from January 1, 2012, to the present.)
According to the SunSirs Commodity Analysis System, the average market price for isooctanol in Shandong stood at 8,766.67 RMB/ton on May 12, marking a decline of 2.23% compared to the previous trading day.
Market analysis
With upstream propylene prices on the decline, cost support for isooctanol has weakened; concurrently, falling prices in the downstream plasticizer market have dampened purchasing enthusiasm. Given high operating rates at production facilities, isooctanol supply remains ample; consequently, upward price support has diminished, while downward pressure has intensified.
SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.
