1、 Price trend
Many states in the United States suffered from winter storms, and a large area of factories shut down. In addition, the global currency over issued, asset inflation, all aspects of chemical raw materials began to rise. At the beginning of the new year, isooctanol has made a good start. The ex factory price of ISO octanol in Shandong Province rose sharply. The average price of mainstream ex factory quotation increased from 11000.00 yuan / ton on February 12 to 15700.00 yuan / ton on February 22, with an increase of 4700 yuan / ton in 10 days, or 42.73%, up 128.43% year on year compared with the same period last year. On February 21, the commodity index of isooctanol was 110.29.
2、 Market analysis
From the perspective of upstream and downstream industry chain:
From the perspective of the upstream industry chain, the propylene market rose sharply after the year, and the propylene price rose from 7059.55 yuan / ton on February 12 to 7761.00 yuan / ton on February 21, an increase of 9.94%. The price of raw materials in the upstream market rose sharply, affected by the supply and demand side, which had a positive impact on the price of isooctanol.
From the perspective of the downstream industry chain, the factory price of DOP will rise sharply after the year. DOP quotation increased by 30.85% from 10050.00 yuan / ton on February 12 to 13150.00 yuan / ton on February 21. The price of downstream DOP rose, downstream customers’ enthusiasm for purchasing ISO octanol increased, and the demand for ISO octanol was better. The future market operators mostly watched the trend of DOP.
Price adjustment of large factories: Shandong Jianlan Chemical Co., Ltd. quoted 16000 yuan / ton of ISO octanol on February 22, increased by 5000 yuan / ton compared with February 12; Shandong lihuayi group quoted 15100 yuan / ton of ISO octanol on February 22, increased by 4100 yuan / ton compared with February 12; Hualu Hengsheng quoted 16000 yuan / ton of ISO octanol on February 22, increased by 5000 yuan / ton compared with February 12 .
3、 Future forecast
In late February, the market trend of isooctanol in Shandong Province may fluctuate slightly. The upstream propylene market was consolidated at a high level, the raw material support was strong, the downstream DOP market rose slightly, the downstream purchasing enthusiasm was enhanced, and the supply of isooctanol was insufficient. Isooctanol analysts from business news agency think: in late February, under the influence of supply and demand, raw materials and other aspects, the market of isooctanol in Shandong may rise slightly.