Isooctanol prices fluctuate and rise in November

 According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of isooctanol was 9266.67 yuan/ton, a fluctuating increase of 2.58% compared to the price of 9033.33 yuan/ton on November 1st. In November, the demand for isooctanol rebounded, and the price of isooctanol fluctuated and rose. The supply and demand of isooctanol have increased, and the market support for isooctanol still exists. The price of isooctanol has fluctuated and risen.

Cost support for isooctanol in November

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the price of propylene was 6848.25 yuan/ton, a fluctuating increase of 0.92% compared to the price of 6785.75 yuan/ton on November 1st. Crude oil prices fluctuated and rose, with increased cost support. In November, propylene prices fluctuated and rose, and the cost of isooctanol raw materials increased. The cost support for isooctanol increased, and the price of isooctanol fluctuated and rose in November.

Downstream plasticizer DOP prices fluctuate and rise

According to the Commodity Market Analysis System of Shengyi Society, as of November 8th, the DOP price was 9238.75 yuan/ton, a fluctuating increase of 1.51% compared to the DOP price of 9101.25 yuan/ton on November 1st. The demand for plasticizer DOP has increased, and the price of plasticizer DOP has fluctuated and risen. The operating rate of downstream plasticizer enterprises has increased, and the demand for isooctanol by plasticizers has also increased. Supported by demand for octanol, octanol prices have fluctuated and risen.

Future expectations

The data analyst of Business Society’s octanol product believes that the volatile rise in propylene prices, supported by costs, has increased the driving force for the rise of isooctanol; Downstream plasticizer manufacturers are operating at high levels, and demand for isooctanol is steadily increasing. As the price of octanol rises to a high level, downstream customers’ resistance to high priced octanol increases, leading to a decrease in market purchasing enthusiasm and a decline in octanol prices. In the future, with both supply and demand increasing, the supply and demand of isooctanol are relatively balanced, and the price of isooctanol is stabilizing.