In April, the price of isooctanol fluctuated and fell before consolidating

According to the Commodity Market Analysis System of Shengyi Society, as of April 27th, the price of isooctanol was 7483.33 yuan/ton, a fluctuating decrease of 3.44% compared to the price of 7750 yuan/ton on April 1st. Plasticizer companies have low operating rates, with the operating rate of plasticizers dropping to 50%. The demand for isooctanol is weak, and the price of isooctanol is fluctuating and falling; Isooctanol enterprises have added new production capacity, and the self-sufficiency rate of isooctanol in China has increased to over 95%. The import of isooctanol has significantly decreased, and the overall market supply of isooctanol is sufficient.
Downstream plasticizer DOP prices fluctuated and fell in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 27th, the DOP price was 8175.84 yuan/ton, a fluctuating decrease of 1.36% from the April 1st DOP price of 8288.75 yuan/ton. The operating rate of plasticizer DOP enterprises has dropped to about 50%, the production of plasticizer DOP has decreased, the demand for isooctanol is weak, the support for isooctanol demand has weakened, and the downward pressure of isooctanol still exists.
The self-sufficiency rate of isooctanol has increased, and the import volume has significantly decreased
Due to the new production capacity in Anhui, Jiangsu, and Zhejiang regions, China’s self-sufficiency rate of octanol will gradually increase from the second half of 2024, and by 2025, the self-sufficiency rate of octanol will reach over 95%. After China’s self-sufficiency rate of octanol increased, imported octanol was squeezed. Especially by 2025, the downstream will reduce the purchase of imported octanol and increase the domestic purchase of octanol, resulting in a significant decrease in the import quantity of octanol. The cumulative import volume of octanol in China from January to March was 45800 tons, a decrease of 40500 tons compared to the same period last year, a decrease of 46.93%. The self-sufficiency rate of isooctanol in China has increased, but the demand for isooctanol in China still exists.
Future expectations
According to the data analyst of Shengyi Society’s octanol products, plasticizer companies have low operating rates, and downstream demand for isooctanol is weak; The addition of new production capacity and stable operation by isooctanol manufacturers have led to an increase in domestic isooctanol supply, resulting in an increase in domestic self-sufficiency rate and a decrease in imports. Overall, the isooctanol market supply is relatively stable. In the future, the supply of isooctanol is stable and demand is weak, and it is expected that the price of isooctanol will remain weak and consolidate at a low level.