This week, the price of isooctanol bottomed out and rebounded
As of August 16, the price of isooctanol fluctuated and fell compared with the price of isooctanol on August 9 last weekend, with a drop of 4.60%; compared with the rebound of isooctanol price on August 15, the price rose by 0.40%. Some isooctanol manufacturers were undergoing maintenance, and the isooctanol manufacturers in western Shandong closed their orders at the weekend, resulting in a decrease in the supply of isooctanol; the demand for plasticizers is expected to pick up, and the downstream enterprises are expected to increase their enthusiasm for purchasing isooctanol. The willingness of isooctanol manufacturers to maintain prices has increased, and the support for the rise in isooctanol prices has increased, and the price of isooctanol has bottomed out and rebounded.
The price of raw material propylene fell first and then rose
As of August 16, propylene prices fluctuated and fell by 1.93% compared with the propylene prices on August 9, and fluctuated and rose by 0.22% compared with the propylene prices on August 13. Crude oil prices rebounded and propylene cost support remained; propylene manufacturers were operating at low load, propylene manufacturers’ supply was tight, and downstream demand remained weak. Propylene prices rebounded slightly, and isooctyl alcohol cost support increased.
This week, downstream plasticizer prices bottomed out and rebounded
As of August 16, the price of plasticizer DOP fluctuated and fell compared with the DOP price on August 9 last weekend, with a drop of 2.16%; compared with the DOP price on August 15, it rebounded from the bottom, with an increase of 0.56%. The golden September is approaching, terminal demand is slowly recovering, orders are slightly warming up, and the market mentality is expected to be positive. As the weather turns cooler, the willingness of the injection molding industry to stock up increases, the construction and infrastructure industry is expected to recover slowly in September, the demand for plasticizers has rebounded, and the price of plasticizer DOP has rebounded from the bottom.
Market outlook
In terms of cost, propylene prices fell first and then rose, and the cost support of isooctanol still exists; in terms of demand, the market of plasticizers has rebounded, and the demand for isooctanol has increased; in terms of supply, the number of isooctanol manufacturers has increased, and some manufacturers have closed their orders and are reluctant to sell. The supply of isooctanol is tight, and isooctanol manufacturers have a strong willingness to support prices. In the future market, the supply of isooctanol is tight and the demand is warming up, and the price of isooctanol is expected to rebound.
Post time: Aug-19-2024