On February 9th, the price of isooctanol in the Shandong region declined.

Isooctanol Market Price Details in Shandong Region on February 9th

On February 8th, the business-to-business (B2B) platform's propylene-to-isooctanol commodity parity index was 97.77, unchanged from the previous day. This represents a decrease of 50.91% from the cycle's high of 199.16 points (April 13, 2020) and an increase of 105.92% from the cycle's low of 47.48 points (August 8, 2021). (Note: The cycle refers to the period from January 1, 2012, to the present).

With the price of the raw material propylene declining, the price of isooctanol has experienced a fluctuating downward trend. The downward pressure on isooctanol has intensified while upward support has weakened.

According to the commodity analysis system of the B2B platform, the average market price of isooctanol in Shandong on February 9th was 7266.67 RMB/ton, a decrease of 3.96% compared to the previous trading day.

Upstream propylene prices are fluctuating and consolidating, providing some remaining cost support for isooctanol. Downstream, the plasticizer market is experiencing a fluctuating decline, leading to reduced purchasing enthusiasm from downstream buyers. Isooctanol plant operating rates remain high, ensuring ample supply. Consequently, upward momentum for isooctanol has weakened, while downward pressure persists.