According to the Commodity Analysis System of Business Society, the market price of isooctanol in Shandong fluctuated and increased in February. The price of isooctanol increased from 12375 yuan/ton at the beginning of the month to 12450 yuan/ton at the end of the month, an increase of 0.61%, and the price at the end of the month increased by 35.82% year-on-year.
On February 27th, the Isooctanol Commodity Index was 91.54, an increase of 0.09 points from yesterday, a decrease of 33.43% from the highest point in the cycle of 137.50 points (2021-08-08), and an increase of 160.43% 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 ex factory prices of Shandong isooctanol have slightly increased this month, with average inventory levels.
Cost side: Propylene market fluctuates and rises
The propylene market rose first and then fell in February, with an overall slight increase. At the beginning of the month, the price of propylene fell to a low point, and downstream investors entered the market on dips, resulting in an increase in trading volume and a wave of increase in propylene prices. After the holiday, downstream demand fell short of expectations and some inventory was mainly consumed. Upstream goods flow is not smooth, and prices are under pressure and declining. At the end of the month, due to the increase in prices of some downstream products and propylene, profits rebounded, driving downstream active entry into the market and slightly increasing propylene prices. 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
After the holiday, plasticizer enterprises resumed production, demand increased, and DOP market prices fluctuated and rose. The price of DOP increased from 11780 yuan/ton at the beginning of the month to 11800 yuan/ton at the end of the month, an increase of 0.17%, and the price at the end of the month increased by 18.71% year-on-year. The downstream market has slightly increased, and downstream customers are more enthusiastic about purchasing isooctanol.
Looking at the future market: In mid to early March, the Shandong isooctanol market may experience a slight fluctuation and rise, with consolidation being the main trend. The upstream propylene price has slightly increased, with increased cost support. The downstream DOP market has recently seen a slight increase, and downstream manufacturers are more proactive in purchasing isooctanol. Analysts from Shengyishe Isooctanol believe that in the short term, the Shandong Isooctanol market may experience slight fluctuations and gains due to various factors such as supply and demand, as well as raw materials.
| http://www.polyvinylalcohols.com |