Isooctanol prices fluctuated and fell in August

According to the Commodity Market Analysis System of Shengyi Society, as of August 29th, the price of isooctanol was 7283.33 yuan/ton, a fluctuating decrease of 3.32% compared to the price of 7533.33 yuan/ton on August 1st. In August, the production capacity of isooctanol enterprises increased, and the operating rate of isooctanol equipment increased from less than 80% in July to 95% at the end of August. In addition, with the addition of new production capacity of isooctanol, the supply of isooctanol has increased; Downstream plasticizer companies started operating at a high level of consolidation, and demand for isooctanol from plasticizers rebounded. With increased supply and demand, the price of isooctanol fluctuated and fell in August.
Downstream plasticizer DOP prices fluctuate and fall
According to the Commodity Market Analysis System of Shengyi Society, as of August 29th, the DOP price was 7617.50 yuan/ton, a fluctuating decrease of 4.25% compared to the DOP price of 7955.83 yuan/ton on August 1st. In August, DOP prices fluctuated and fell, and the downward pressure on raw material isooctanol prices increased; In August, the operating load of DOP enterprises remained high and consolidated, with an increase in DOP production and a rebound in demand for isooctanol. The support for the rise in isooctanol prices still exists.
Future expectations
According to the data analyst of Business Society’s octanol product, on the supply side, the equipment production of isooctanol enterprises has increased, coupled with the new production capacity of isooctanol, resulting in a significant increase in the supply of isooctanol. In terms of demand, the price of DOP has fluctuated and fallen, and the downward pressure on the price of isooctanol has increased. In the future, the supply and demand of isooctanol will increase, and it is expected that the price of isooctanol will remain weak and consolidate.