Latest price of isooctanol (August 23): 12200.00 RMB/ton, bullish in the future

Analysis points: On August 23, the market price of isooctanol in Shandong Province slightly increased, with a price increase of 233.33 RMB/ton compared to August 22, an increase of 1.95%, and a year-on-year increase of 47.58%. Upstream propylene prices continue to rise, with strong cost support. The downstream DOP market is consolidating at a high level, and downstream demand is good. Multiple benefits are good, but the product trend is upward under the contradiction between supply and demand.

Future forecast: In the near future, the market price of isooctanol in Shandong region may fluctuate slightly, with an average market price of around 12500 RMB/ton.

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