This week, the price of isooctanol stopped falling and remained stable

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of isooctanol was 9200 yuan/ton, a decrease of 1.43% from the price of 9333.33 yuan/ton on October 11th last weekend; Compared to October 1st, the price of isooctanol at 8706.67 yuan/ton first rose and then fell, with an increase of 5.67%. After the holiday, the replenishment of isooctanol has ended, and the price of isooctanol has fallen from a high level. Demand support still exists, and the price of isooctanol has stabilized after stopping the decline.

Downstream plasticizer DOP prices stabilize after falling

According to the Commodity Market Analysis System of Shengyi Society, as of October 18th, the price of plasticizer DOP was 9213.75 yuan/ton, a decrease of 0.81% from the DOP price of 9288.75 yuan/ton on October 11th last weekend; Compared to October 1st, the DOP price of 8988.75 yuan/ton first rose and then fell, with a 2.50% increase. Plasticizers will be replenished after the holiday, leading to an increase in demand for DOP and a rise in DOP prices. With the end of inventory replenishment and a decline in demand, the price of plasticizer DOP has fallen from a high level. But with the recovery of the economy and the support of demand for plasticizers and octanol, the demand for octanol still exists, and the price of octanol has stopped falling and stabilized.

Future expectations

According to the data analyst of Business Society’s octanol product, as the price of octanol rises to a high level, downstream customers’ resistance to high prices increases, market purchasing enthusiasm decreases, and coupled with the end of downstream customer inventory replenishment, octanol prices fall back from a high level; Positive policies continue to be implemented, economic expectations are expected to rebound, downstream customers are more proactive in receiving goods, and the price of octanol has stopped falling and stabilized. In the future, with favorable policies and a relatively warm sentiment in the octanol market, there is still support for octanol demand. Octanol manufacturers are starting to recover, and there is sufficient supply of isooctanol. The octanol market supply and demand are relatively balanced, and octanol prices are fluctuating and consolidating.