The price of isooctanol fluctuated and fell in April

According to the Commodity Market Analysis System of Shengyishe, as of April 29th, the quotation for isooctanol was 9680 yuan/ton, a fluctuation of 3.78% compared to the price of 10060 yuan/ton on April 1st. In April, isooctanol did not continue its decline in March, and the price of isooctanol weakened and consolidated. The price of raw material propylene fluctuates and consolidates, with limited cost support; The production of plasticizer enterprises has slightly decreased, and downstream customers have average purchasing enthusiasm. Isooctanol manufacturers sell at low prices, and the positive support for Isooctanol has weakened.

Propylene prices fluctuated and consolidated in April

According to the propylene commodity market analysis system of Shengyishe, as of April 29th, the propylene price was quoted at 6794.60 yuan/ton, a fluctuation decrease of 0.79% compared to the propylene price of 6848.60 yuan/ton on April 1st. The high price of crude oil has fallen, and the cost of propylene has decreased. In April, the price of propylene first rose and then fell; Downstream production of propylene has decreased, downstream customers are in urgent need of procurement, propylene enterprises have sufficient supply, propylene enterprises have decreased willingness to raise prices, and propylene prices are weak and consolidating.

Downstream fluctuations and declines in the isooctanol industry chain in April

According to the commodity market analysis system of Business Society, the isooctanol industry chain experienced a complete decline in April. The downstream products of the isooctanol industry chain have all experienced varying degrees of decline, and the demand support for isooctanol has weakened. In April, the price of isooctanol fluctuated and fell. Downstream demand has decreased, and the downward pressure on isooctanol will increase in the future.

Future expectations

According to analysts from Business Society’s octanol product data, in terms of cost, propylene prices are weak and consolidating, while support for isooctanol costs is weakened; On the supply side, the inventory of isooctanol manufacturers is low, and manufacturers are actively shipping at low prices, resulting in sufficient supply of isooctanol; In terms of demand, downstream product prices of isooctanol fluctuated and fell in April, with limited support for downstream demand. Stock up before the May Day holiday, and support for downstream demand growth still exists. In the future, with sufficient supply of octanol and limited demand support, cost support is weakened, and it is expected that octanol prices will fluctuate and consolidate weakly in the future.