According to the Commodity Analysis System of the Business Society, the market price of isooctanol in Shandong fell first and then rose in September. The price of isooctanol first decreased from 12960.00 yuan/ton at the beginning of the month to 11640.00 yuan/ton on September 25th, a decrease of 10.19%. Later, it rose to 12020.00 yuan/ton at the end of the month, an increase of 3.26%, and the price at the end of the month increased by 35.56% year-on-year. Overall, octanol prices fluctuated and fell by 7.25% in September.

On September 27th, the isooctanol commodity index was 86.03, an increase of 0.44 points compared to yesterday, a decrease of 37.43% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 144.75% from the lowest point of 35.15 points on February 1st, 2016. (Note: The cycle refers to the period from September 1st, 2011 to the present)

From the supply side perspective, the mainstream market prices of isooctanol in Shandong have significantly decreased this month, with average inventory levels.

Cost side: Propylene market fluctuates and rises

In September, the factory price of propylene fluctuated and increased, rising from 7113.25 yuan/ton at the beginning of the month to 7285.75 yuan/ton at the end of the month, an increase of 2.43%. The price at the end of the month decreased by 4.27% year-on-year. The upstream market has slightly increased, with increased cost support, which has a positive impact on the price of isooctanol.

On the demand side: DOP market falls first and then rises

In September, the DOP market price first fell and then rose. The price of DOP first decreased from 12009.17 yuan/ton at the beginning of the month to 11350.00 yuan/ton on September 20th, a decrease of 549%, and then rose to 11583.33 yuan/ton at the end of the month, an increase of 2.06%. The price at the end of the month increased by 16.07% year-on-year. Overall, the DOP market fell by 3.55% in September. The downstream market has slightly declined, and downstream customers’ enthusiasm for purchasing isooctanol has weakened.

Looking at the future market: In mid to early October, the domestic isooctanol market may fluctuate slightly and rise, with consolidation being the main trend. The upstream propylene price has slightly increased, with good cost support. The downstream DOP market has an upward trend at the end of the month, and downstream manufacturers have increased their enthusiasm for purchasing isooctanol. Business Society Isooctanol analysts believe that in the short term, under the influence of various factors such as supply and demand and raw materials, the domestic isooctanol market may experience slight fluctuations and gains.