Isooctanol prices fluctuate and rise in November

According to the Commodity Market Analysis System of Shengyi Society, as of November 30th, the price of isooctanol was 6566.67 yuan/ton, a fluctuating increase of 10.36% compared to the price of 5950 yuan/ton on November 1st. Partial enterprises have resumed maintenance of their isooctanol equipment, resulting in an increase in the operating load of isooctanol facilities. The operating rate of isooctanol is 80%, and the supply of isooctanol has increased; The price of propylene fluctuates and rises, while the cost of isooctanol increases; In November, the supply of isooctanol increased and the cost rose. The support for the rise of isooctanol increased, and the price of isooctanol fluctuated and rose.
The cost of raw material propylene has risen
According to the Commodity Market Analysis System of Shengyi Society, as of November 30th, the price of propylene was 6180.75 yuan/ton, an increase of 2.02% from the price of 6058.25 yuan/ton on November 1st; The price of propylene has increased by 4.92% from 5890.75/ton on November 7th. In November, propylene prices rebounded and rose, raw material prices increased, and the cost of isooctanol increased. The support for the rise in isooctanol prices has increased.
Downstream plasticizer DOP prices first fell and then rose
According to the Commodity Market Analysis System of Shengyi Society, as of November 30th, the DOP price was 7009.16 yuan/ton, which first fell and then rose compared to the DOP price of 7009.16 yuan/ton on November 1st, and increased by 2.31% compared to the DOP price of 6950.83 yuan/ton on November 17th. The cost of DOP has increased, and the price of DOP has risen. In November, the operating load of plasticizer DOP enterprises has slightly increased, and the operating rate has risen to 70%. The production of DOP has increased, and the demand for isooctanol has increased, which has increased the support for the rise in isooctanol prices.
Future expectations
According to the data analyst of Business Society’s octanol product, in terms of cost, the price of propylene has fluctuated and risen, the price of raw materials has increased, and the driving force for the rise of isooctanol has increased. In terms of supply, the operating rate of isooctanol enterprises has increased to 80%, and the supply of isooctanol has increased; In terms of demand, DOP enterprises have seen a slight increase in production, resulting in an increase in DOP output. However, the demand for isooctanol still remains supportive. In the future, the cost of isooctanol will rise, coupled with an increase in supply and a rebound in demand. The downward pressure on isooctanol will weaken, and the upward support will increase. It is expected that the price of isooctanol will fluctuate and stabilize in the future.