On April 28, Luxi Chemical Group Co., Ltd. reported normal operation of its 380,000-ton annual isooctyl alcohol plant. The company's isooctyl alcohol price was quoted at 8,800 CNY/ton, down by 100 CNY/ton. According to Chempricehub's assessment, the bull-bear score for isooctyl alcohol stands at -1. The normal operation of Luxi Chemical's isooctyl alcohol plant indicates stable supply, but the price decline of 100 CNY/ton to 8,800 CNY/ton suggests weak market demand or oversupply, exerting a generally bearish impact on spot prices. This decline (approximately 1.14%) reflects short-term market pressure, possibly driven by weakening downstream demand or rising inventory levels. It is advisable to monitor subsequent supply-demand changes.
Comments
0