According to the Commodity Market Analysis System of Shengyi Society, as of October 29th, the price of isooctanol was 9133.33 yuan/ton, an increase of 4.90% compared to the price of 8706.67 yuan/ton on October 1st; Compared to September 10th, the price of isooctanol decreased by 3.52% to 9466.67 yuan/ton. The economic outlook for October is expected to rebound, and demand for isooctanol is expected to increase. In addition, after the holiday, the price of isooctanol has risen significantly due to the replenishment of isooctanol. With the end of the replenishment, demand has fallen, and the high price of isooctanol has fallen. The supply and demand of isooctanol are relatively balanced, with expected sales of orders from isooctanol manufacturers. The market support for isooctanol still exists, and the price of isooctanol is fluctuating and consolidating.
Cost support for isooctanol in October
According to the Commodity Market Analysis System of Shengyi Society, as of October 29th, the price of propylene was 6833.25 yuan/ton, which was a consolidation after an increase of 4.91% compared to the propylene price of 6513.25 yuan/ton on October 1st. Crude oil prices are consolidating strongly, supported by costs. In October, propylene prices fluctuated and rose, while the cost of isooctanol raw materials increased. The cost support for isooctanol still exists, and the price of isooctanol fluctuated and rose in October.
Downstream plasticizer DOP prices consolidate after rising
According to the Commodity Market Analysis System of Shengyi Society, as of October 29th, the DOP price was 9188.75 yuan/ton, which first increased and then decreased compared to the DOP price of 8988.75 yuan/ton on October 1st, with an increase of 2.23%; Compared to the DOP price of 9388.75 yuan/ton on October 9th, it has decreased by 2.13%. The economic recovery, coupled with the replenishment of plasticizers after the holiday, has led to an increase in demand for DOP, resulting in a rise in DOP prices after the holiday. The operating rate of downstream plasticizer enterprises has increased, and the demand for isooctanol by plasticizers has increased; With the end of inventory replenishment and a decline in demand, coupled with a slower than expected economic recovery, the price of plasticizer DOP has fallen from a high level. The demand for octanol rose and then fell, and the price of octanol rose and then fell; DOP manufacturer’s order sales, downstream demand procurement enthusiasm is average, and the price of plasticizer DOP is relatively stable. Plasticizer demand support, octanol demand support still exists, and octanol prices are fluctuating and stabilizing.
Future expectations
According to the data analyst of Shengyi Society’s octanol products, favorable policies continue to emerge and economic expectations are expected to rebound. Influenced by macroeconomic policy sentiment, downstream customers are more proactive in receiving goods. In addition, downstream customers are restocking, resulting in a temporary increase in transaction volume and a rise in octanol prices; As the price of octanol rises to a high level, downstream customers’ resistance to high priced octanol increases, market purchasing enthusiasm decreases, and octanol prices fall back from their high levels; The production load of isooctanol manufacturers remains stable at a high level, and the supply of isooctanol is sufficient. Downstream plasticizer manufacturers are operating at a high level, and the demand for isooctanol is steadily increasing. In the future, both supply and demand will increase, and the supply and demand of isooctanol market will be relatively balanced. The price of isooctanol will fluctuate and consolidate.
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