According to the Commodity Analysis System of Business Society, the market price of isooctanol in Shandong Province first fell and then rose in November. The price of isooctanol first dropped from 11460.00 yuan/ton on November 1st to 11120.00 yuan/ton on November 7th, a decrease of 2.97%. Later, it fluctuated and rose to 11460.00 yuan/ton on November 29th, an increase of 3.06%. At the end of the month, the price increased by 25.02% year-on-year.
On November 29th, the isooctanol commodity index was 84.26, unchanged from yesterday, a decrease of 38.72% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 139.72% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to present)
From the supply side perspective, the mainstream market prices of isooctanol in Shandong have fluctuated this month, with average inventory levels.
Cost side: Propylene market fluctuates and rises
In November, the ex factory price of propylene fluctuated and increased, rising from 7050.75 yuan/ton at the beginning of the month to 7105.75 yuan/ton at the end of the month, an increase of 0.78%, with a maximum amplitude of 5.93%. At the end of the month, the price decreased by 5.77% year-on-year. The upstream market has slightly increased, with good cost support, which has a positive impact on the price of isooctanol.
Demand side: DOP market fluctuates and rises
The DOP market price fluctuated and increased in November. The price of DOP increased from 11225.00 yuan/ton at the beginning of the month to 11475.00 yuan/ton at the end of the month, an increase of 2.23%, with a maximum amplitude of 2.83%. The price at the end of the month increased by 14.75% year-on-year. The downstream market has slightly increased, and downstream customers are more enthusiastic about purchasing isooctanol.
Looking at the future: In mid to early December, the domestic isooctanol market may experience a slight fluctuation and rise, with consolidation being the main trend. The upstream propylene price has slightly increased, with good cost support. The downstream DOP market has recently fluctuated and risen, and downstream manufacturers are more proactive in purchasing isooctanol. Analysts from Shengyishe Isooctanol believe that in the short term, under the influence of supply and demand, as well as raw materials, the domestic Isooctanol market may experience slight fluctuations and increases.
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