Price trend
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Details of the market price of isooctanol in Shandong on May 20 |
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Factory |
May 19 |
May 20 |
variation |
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Lihuayi |
7,800 RMB/ton |
7,800 RMB/ton |
0 RMB/ton |
|
Luxi Chemical |
8,000 RMB/ton |
8,000 RMB/ton |
0 RMB/ton |
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Hualu Hengsheng |
8,300 RMB/ton |
8,300 RMB/ton |
0 RMB/ton |
On May 19, the SunSirs Commodity Price Ratio Index for Propylene versus Isooctanol stood at 131.81, an increase of 1.08 points from the previous day. This figure represents a 33.82% decline from the cycle's peak of 199.16 points (recorded on April 13, 2020) and a 177.61% 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 8,033.33 RMB/ton on May 20, remaining stable compared to the previous trading day.
Market ananlysis
On May 20, upstream propylene market conditions stabilized. Downward cost pressure on isooctanol persisted, while the downstream plasticizer market also stabilized, with purchasing enthusiasm among downstream buyers remaining intact. Isooctanol production facilities continued to operate at high utilization rates, ensuring an ample supply of the product; consequently, while underlying support for price increases remained, downward pressure on isooctanol prices began to subside.
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