On February 10, Luxi Chemical Group Co., Ltd. reported normal operation of its 380,000-ton-per-year isooctanol plant, with the isooctanol price quoted at 7,000 yuan per ton, a decrease of 500 yuan per ton. According to PriceSeek's analysis of isooctanol, the bullish-bearish score is -1.5. The spot price of isooctanol fell by 500 yuan per ton to 7,000 yuan per ton, a decline of approximately 7.14%, indicating ample market supply or weak demand. The normal operation of the plant may exacerbate supply pressure, exerting a strong bearish impact on spot prices. This news reflects an imbalance between supply and demand in the chemical raw materials market, increasing the risk of short-term price declines.
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