On January 29, the price of isooctanol in Shandong region increased.

Isooctanol Market Price Details in Shandong Region on January 29th

On January 28th, the business-to-business platform's propylene-to-isooctanol commodity parity index was 95.68, a decrease of 2.45 points from the previous day. Compared to the cycle high of 199.16 points (April 13, 2020), it has decreased by 51.96%. Compared to the cycle low of 47.48 points (August 8, 2021), it has increased by 101.52%. (Note: The cycle refers to the period from January 1, 2012, to the present).

The price of feedstock propylene fluctuated and rose, while the price of isooctanol also fluctuated and increased. Downward pressure on isooctanol has weakened, while upward support persists.

According to the commodity analysis system of the business-to-business platform: On January 29th, the average market price of isooctanol in Shandong was 7850 RMB/ton, representing a price increase of 1.95% compared to the previous trading day.

Upstream propylene market conditions showed fluctuating increases, strengthening the cost support for isooctanol. Downstream plasticizer market conditions also exhibited fluctuating increases, leading to heightened purchasing enthusiasm from downstream users. Isooctanol plant operating rates remain high, ensuring ample supply. Overall, upward support for isooctanol has strengthened while downward pressure has diminished.