In August, the domestic octanol market generally showed shocks in the mainstream range of M-type boxes, and the trend of rapid jumping at the end of the month. At the beginning of the month, the domestic octanol market, which was fluctuating and declining, stopped falling and stabilized, and the price rose compared with the end of July, out of a wave of bottoming out. As of August 12, the mainstream price of octanol in various regions was reported to be 8400-8500 CNY/ton. Compared with the beginning of the month, it increased by 400 CNY/ton, and the rebound rate was 5%. In the middle of the month, on August 16, affected by the deep drop in international oil prices for two consecutive days, the price of octanol fell to the lowest point since August to 8000-8100 CNY/ton, and then quickly rose to 8300 CNY/ton, but since 22 Since the beginning of the day, the octanol market has weakened again. The mainstream price of octanol in various regions is about 8200-8300 CNY/ton. As of the 27th, the mainstream price of octanol in the August market fluctuated between 8,000-8,500 yuan in M-type fluctuations. On the 29th, the market price of octanol suddenly jumped by 300-400 CNY/ton to 8600-8800 CNY/ton and continued to rise. After breaking through the 9000 CNY/ton mark on the 30th, the market price on the 31st jumped to 9300 CNY/ton. the highest point in nearly 2 months.

market cause

International crude oil fluctuates

Entering August, the international oil price fell below 100 yuan for the fourth time this year, fluctuating between US$85-100/barrel. On July 29, the closing price of the international oil price WTI 09 contract was US$98.62/barrel. On August 4th, it fell to the bottom of the stage at US$88.54/barrel, and gradually rose to US$94.34/barrel on August 12th, an increase of US$5.8/barrel from the bottom. It was up nearly 6.6% in a week. During the same period, the Brent 09 contract closed at $99.57/barrel, up $5.45/barrel from the bottom, or nearly 5.8%. On August 15 and 16, international crude oil prices fell deeply for two consecutive days. On the 16th, the Brent 09 contract closed at $92.34/barrel, down $5.81/barrel, and the WTI 09 contract closed at $86.53/barrel, down $5.56/barrel , have dropped all the gains since August, and fell to the price before the surge in oil prices at the end of January this year. Then oil prices rose rapidly. The ups and downs of oil prices affect the ups and downs of market sentiment, and drive the market price fluctuations of octanol and other products.