According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the price of isooctanol was 7833.33 yuan/ton, a fluctuating decrease of 4.47% compared to the price of 8200 yuan/ton on December 16. This week, the equipment production of isooctanol enterprises remained stable at a high level. The supply of isooctanol was sufficient, but the demand was average, resulting in oversupply and fluctuating prices of isooctanol.

Adequate supply of isooctanol this week

This week, isooctanol enterprises started production at a high level and remained stable. In addition, new production capacity of isooctanol was gradually put into operation in December, resulting in a significant increase in isooctanol supply in December. The downstream demand increment is not as significant as the increment of octanol, and there is an oversupply of isooctanol, which increases the downward pressure on isooctanol and causes its price to fluctuate and fall.

Downstream plasticizer DOP prices fluctuated and fell this week

According to the Commodity Market Analysis System of Shengyi Society, as of December 23, the DOP price was 8326.25 yuan/ton, a fluctuating decrease of 2.92% compared to the DOP price of 8576.25 yuan/ton on December 16. The price of isooctanol has fluctuated and fallen, the cost of plasticizers has decreased, the profit margin of plasticizer DOP is high, and the enthusiasm of plasticizer enterprises to start production is high. The operating rate of downstream plasticizer enterprises is high, and plasticizers have certain positive support for the demand for isooctanol. However, downstream inventory replenishment at low prices has limited support for the demand for isooctanol.

Future expectations

According to the data analyst of Business Society’s octanol product, this week’s high equipment start-up of isooctanol enterprises, coupled with the production of new capacity, has led to an oversupply of isooctanol and increased downward pressure on isooctanol; This week, downstream plasticizer manufacturers have seen an increase in production, but many of them are restocking at low prices, resulting in average demand for isooctanol and limited support for its upward trend. In the future, there will be an oversupply of isooctanol with average demand, and it is expected that the price of isooctanol will weakly decline.