The price of isooctanol fluctuated and rose this week
As of June 11, the price of isooctanol fluctuated and rose by 2.42% compared with the price on June 1. The price of isooctanol fluctuated and rose slightly this week. Since the domestic isooctanol market bottomed out in mid-April, the price center of gravity of isooctanol has slowly moved up. Isooctanol manufacturers are reluctant to sell in limited quantities, and downstream customers have just purchased, so the rise in isooctanol is supported by a large increase.
The price of raw material propylene fluctuated and rose this week
According to the analysis of propylene commodity market, as of June 11, propylene price fluctuated and rose by 1.93% compared with the price of propylene on June 1. Crude oil price fluctuated and consolidated, propylene cost support still exists, and propylene price fluctuated and rose this week; the operation of propylene downstream decreased, downstream customers just needed to purchase, propylene manufacturers shipped generally, the supply and demand of propylene market were weak, and propylene price consolidated strongly.
This week, the price of downstream plasticizers fluctuated and rose
As of June 11, the price of plasticizer DOP increased by 2.47% compared with the price of DOP on June 1 at the beginning of the month; the price of DOTP on June 11 increased by 2.34% compared with the price of June 1 at the beginning of the month. The price of phthalic anhydride, the raw material of plasticizer, is temporarily stable, the price of isooctanol fluctuated and rose, the cost of plasticizers increased, the profit of plasticizers decreased, the operation of plasticizer enterprises decreased, and the supply of plasticizers was sufficient.
Market outlook
In terms of cost, the price of propylene fluctuated and rose, and the cost support of isooctanol was relatively large; in terms of supply, the inventory of isooctanol manufacturers was low, and the shipment was average; in terms of demand, the price of downstream plasticizer products of isooctanol fluctuated and rose, and the downstream demand support still existed. In terms of the market outlook, the supply of isooctanol is tight and the demand is supported, and the cost support is relatively large. It is expected that the price of isooctanol will fluctuate and rise in the future.
Post time: Jun-11-2024