Market Price Details of Isooctanol in Shandong Region on February 2nd
| Manufacturer | Jan 30th | Feb 2nd | Change |
|---|---|---|---|
| Lihuayi | 7800 RMB/ton | 7700 RMB/ton | -100 RMB/ton |
| Luxi Chemical | 7800 RMB/ton | 7800 RMB/ton | 0 RMB/ton |
| Hualu Hengsheng | 8000 RMB/ton | 8000 RMB/ton | 0 RMB/ton |
On February 1st, the commodity price ratio index between propylene and isooctanol from SCC was 93.39, unchanged from the previous day. Compared to the cycle's highest point of 199.16 (April 13, 2020), it has decreased by 53.11%. Compared to the cycle's lowest point of 47.48 (August 8, 2021), it has increased by 96.69%. (Note: The cycle refers to the period from January 1, 2012, to the present).
The price of the raw material propylene has fluctuated and stabilized, while the price of isooctanol has fluctuated and risen. The downward pressure on isooctanol has weakened, but upward support still exists.
According to the SCC Commodity Analysis System: On February 2nd, the average market price of isooctanol in Shandong was 7833.33 RMB/ton, a decrease of 0.59% compared to the previous trading day.
Upstream propylene prices are fluctuating and stabilizing, providing continued cost support for isooctanol. Downstream plasticizer prices are also fluctuating and stabilizing, leading to a decrease in downstream purchasing enthusiasm. Isooctanol plant operating rates are high, resulting in ample supply. Consequently, the upward support for isooctanol has weakened, while downward pressure persists.
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