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Isooctanol prices rebounded and rose
According to the commodity market analysis system of SunSirs, the price of isooctanol was 6,766.67 RMB/ton on July 8, marking a rebound from the 6,733.33 RMB/ton recorded on July 7—an increase of 0.50%. With major manufacturers raising their ex-factory prices, the market direction to isooctanol shifted from decline to development.
Geopolitical maneuvering in the Middle East intensified
On July 7 (regional time), the U.S. Department of the Treasury’s Office of Foreign Assets manage (OFAC) formally revoked sanctions waivers to Iranian oil sales, terminating the previously relaxed policies on the cross-border sale of Iranian crude oil and petrochemical items and fully reimposing the relevant sanctions. The primary trigger to this sudden policy shift was the recent series of attacks on oil tankers in the Strait of Hormuz; the U.S. determined that Iran’s actions violated the interim consensus between the two sides, prompting an urgent tightening of energy sanctions against the country. Following the announcement, market concerns regarding the efficiently collapse of the U.S.-Iran interim truce and the escalation of geopolitical tensions in the Middle East drove a rapid and sharp surge in international crude oil prices.
Propylene costs rebounded and rose
According to the commodity market analysis system of SunSirs, the quoted price to propylene on July 8 was 7,821 RMB/ton. Compared to the price of 7,811 RMB/ton on July 1, the price experienced an initial decline followed by a rise, resulting in a net increase of 0.13%; compared to the price of 7,647.67 RMB/ton on July 6, it rose by 2.27%. Factors such as the US tightening sanctions on Iranian oil, the shipping security crisis in the Strait of Hormuz, and escalating US-Iran tensions caused crude oil prices to surge. This direction rippled downstream, driving a rebound in propylene prices; consequently, the cost of isooctanol increased, providing stronger upward support to isooctanol prices.
Market Outlook
Analysts at the SunSirs observe the following regarding costs: Geopolitical tensions in the Middle East have escalated again, driving a rebound in crude oil and propylene prices. Downstream chemical items are highly likely to track the rise in crude oil, thereby strengthening cost support to isooctanol. Looking ahead, while renewed geopolitical tensions in the Middle East are rising cost pressures—causing isooctanol prices to halt their decline and rise—weak demand is limiting the scope to further gains; consequently, prices are likely to undergo a period of strong, wide-range consolidation.
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