Isooctanol Market Price Details in Shandong Region on February 5th
| Manufacturer | February 4th | February 5th | Change |
|---|---|---|---|
| Lihuayi | 7550 RMB/ton | 7400 RMB/ton | -150 RMB/ton |
| Luxi Chemical | 7700 RMB/ton | 7700 RMB/ton | 0 RMB/ton |
| Hualu Hengsheng | 7900 RMB/ton | 7900 RMB/ton | 0 RMB/ton |
On February 4th, the business-to-business price ratio index for propylene and isooctanol was 95.82, an increase of 1.31 points from the previous day. Compared to the cycle's high of 199.16 points (April 13, 2020), it has decreased by 51.89%. Compared to the cycle's low of 47.48 points (August 8, 2021), it has increased by 101.81%. (Note: The cycle refers to the period from January 1, 2012, to the present).
With the decline in raw material propylene prices, isooctanol prices experienced a volatile drop. The downward pressure on isooctanol intensified while upward support weakened.
According to the commodity analysis system of the business-to-business platform: On February 5th, the average market price of isooctanol in Shandong was 7633.33 RMB/ton, a decrease of 1.08% compared to the previous trading day. Upstream propylene market conditions were weak and consolidating, leading to reduced cost support for isooctanol. Downstream plasticizer market conditions were volatile and declining, resulting in weakened purchasing enthusiasm from downstream customers. Isooctanol plant operating rates remain high, ensuring ample supply. Consequently, upward support for isooctanol has weakened while downward pressure has increased.
Comments
0