On February 4th, the market for isooctanol in the Shandong region experienced a weak decline.

Market Price Details of Isooctanol in Shandong Region on February 4th

On February 3rd, the business-to-business platform's propylene-to-isooctanol commodity parity index was 94.51. This represents an increase of 0.75 points compared to the previous day, a decrease of 52.55% from the cycle high of 199.16 points (April 13, 2020), and an increase of 99.05% from the cycle low of 47.48 points (August 8, 2021). (Note: The cycle refers to the period from January 1, 2012, to the present).

With the price of feedstock propylene declining, the price of isooctanol is experiencing a volatile downward trend. Downward pressure on isooctanol is intensifying while upward support is weakening.

According to the business-to-business platform's commodity analysis system: The average market price of isooctanol in Shandong on February 4th was 7750 RMB/ton, representing a decrease of 0.43% compared to the previous trading day's price.

Upstream propylene prices are fluctuating downward, weakening the cost support for isooctanol. Downstream plasticizer markets are also experiencing volatile declines, leading to reduced purchasing enthusiasm from downstream customers. Isooctanol plant operating rates remain high, ensuring ample supply. Consequently, upward support for isooctanol is weakening while downward pressure is increasing.