Last week, the market price of isooctanol in Shandong slightly decreased. The average price of Shandong isooctanol in the mainstream market dropped from 9460.00 yuan/ton at the beginning of the week to 8960.00 yuan/ton at the weekend, a decrease of 5.29%. Weekend prices decreased by 27.94% year-on-year. On June 4th, the isooctanol commodity index was 65.88, a decrease of 52.09% from the cycle’s highest point of 137.50 points (2021-08-08), and an increase of 87.43% from the lowest point of 35.15 points on February 1st, 2016 (note: the cycle refers to 2011-09-01)
Insufficient upstream support and weakened downstream demand

Supply side: The prices of mainstream manufacturers of Shandong isooctanol have slightly decreased, and the inventory is average. The factory price of Lihuayi isooctanol over the weekend is 9000 yuan/ton. Compared to the beginning of the week, the quotation has decreased by 400 yuan/ton; The factory price of Hualu Hengsheng Isooctanol for the weekend is 9300 yuan/ton. Compared to the beginning of the week, the quotation has decreased by 400 yuan/ton; The weekend market price of isooctanol in Luxi Chemical is 8900 yuan/ton. Compared to the beginning of the week, the quotation has decreased by 500 yuan/ton.

Cost side: The acrylic acid market has slightly declined, with prices dropping from 6470.75 yuan/ton at the beginning of last week to 6340.75 yuan/ton at the weekend, a decrease of 2.01%. Weekend prices decreased by 21.53% year-on-year. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by supply and demand, it had a negative impact on the price of isooctanol.

Demand side: The factory price of DOP has slightly decreased. The DOP price decreased from 9817.50 yuan/ton at the beginning of the week to 9560.00 yuan/ton at the weekend, a decrease of 2.62%. Weekend prices decreased by 19.83% year-on-year. Downstream DOP prices have slightly declined, and downstream customers are actively reducing their purchases of isooctanol.
In mid to late June, there may be slight fluctuations and declines in the Shandong isooctanol market. The upstream acrylic acid market has slightly declined, with insufficient cost support. The downstream DOP market has slightly declined, and downstream demand has weakened. Under the short-term impact of supply and demand and raw materials, the domestic isooctanol market may experience slight fluctuations and declines.