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[Industry Focus]：Last week, Shandong isooctanol prices fell 0.70 percent

Read： 534 Time：16months ago Source：生意社

Last week, Shandong isooctanol market prices fell slightly. The average price of the mainstream market for isooctanol in Shandong fell from 9550.00 yuan/ton at the beginning of the week to 9483.33 yuan/ton at the weekend, a decrease of 0.70. Prices were up 9.42 per cent year-on-year over the weekend. The isooctanol commodity index was 69.98 on July 10, up 0.25 points from July 9, down 49.11 percent from the cycle's highest point of 137.50 (2021-08-08) and up 99.09 percent from the lowest point of 35.15 on February 1, 2016 (note: cycle refers to 2011-09-01)

insufficient upstream support and weakening downstream demand

details of Shandong isooctanol market price last week

from the supply side, the quotation of mainstream isooctanol manufacturers in Shandong dropped slightly last week, with the stock in general: the ex-factory price of lihuayi isooctanol at the weekend was 9600 yuan/ton, which was temporarily stable compared with the beginning of the week. The ex-factory price of Hualu Hengsheng isooctanol at the weekend was 9800 yuan/ton, which was temporarily stable compared with the beginning of the week. Luxi Chemical Industry's market price of 9500 yuan/ton.

Judging from the upstream raw material market of isooctanol, the acrylic acid market fell slightly last week, with the price falling 1.80 percent from 6683.25 yuan/ton at the beginning of the week to 6563.25 yuan/ton at the weekend. Prices fell 12.03 percent year-on-year over the weekend. Upstream raw material market prices fell slightly, cost support is insufficient, affected by supply and demand, the price of isooctanol has a negative impact.

From the downstream market of isooctanol, the price of DOP market fell slightly last week. DOP prices fell from 9776.67 yuan/ton at the beginning of the week to 9767.50 yuan/ton at the weekend, a decline of 0.09. Prices were up 4.19 per cent year-on-year over the weekend. Downstream DOP prices fell slightly, and downstream customers were actively weak on isooctanol purchases.

After the market outlook

in mid-to-late July, the Shandong isooctanol market may experience small fluctuations and declines. Upstream acrylic market fell slightly and cost support was insufficient. Downstream DOP market fell slightly and downstream demand was weak. Under the short-term impact of supply and demand and raw materials, the domestic isooctanol market may experience small fluctuations and declines.

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