Price Trend

According to the price monitoring of business associations, the ex-factory price of octanol in Shandong fell slightly this week. This week, the average price of octanol mainstream ex-factory quotation in Shandong fell from 7633.33 yuan/ton at the beginning of the week to 7366.67 yuan/ton at the end of the week, a decline of 3.49%, 23.10% compared with the same period last year. Overall, the octanol market fell slightly this week, with the octanol commodity index of 54.17 on October 11.

II. Market Analysis

(1) Products:

At present, the domestic octanol plant start-up rate is still acceptable; Hualu Hengsheng 80,000 tons/year octanol plant start-up normal, this week’s offer is firm; Jiangsu Huachang chemical octanol plant annual capacity 80,000 tons, no maintenance plan.

This week, the quotation of Shandong main octanol producers fell slightly: Hualu Hengsheng’s offer for octanol was 7500 yuan/ton this weekend, down 200 yuan/ton compared with the beginning of the week; Jianlan Chemical’s offer for octanol this weekend was 7400 yuan/ton, down 300 yuan/ton compared with the beginning of the week; Lihua Yi’s offer for octanol this weekend was 7200 yuan/ton, down 300 yuan compared with the beginning of the week./ Tons.

(2) Industrial chain:

Upstream raw material market: Propylene market rose slightly this week. The quotation rose from 7448.46 yuan/ton at the beginning of the week to 7503.85 yuan/ton at the end of the week, an increase of 0.74%, a decrease of 26.35% over the same period last year. The price of raw materials in the upstream market has risen slightly, which is affected by supply and demand, and has a positive impact on octanol price.

Downstream market: DOP ex-factory prices fell this week. DOP quotation fell from 7916.67 yuan/ton at the beginning of the week to 7600.00 yuan/ton at the end of the week, a decline of 4.00%, 21.72% compared with the same period last year. The downstream customers’enthusiasm for octanol purchasing declined, the demand for octanol was general, and the decline of DOP price had a negative impact on the octanol market. Future traders are more likely to watch the trend of DOP.

3. Future Market Forecast

Octanol market trend or low consolidation in Shandong in mid-October. After the adjustment in September, the capital reflux of each factory is in good condition, the equipment has been repaired and the production capacity has increased. Upstream propylene prices rose slightly, cost support was strong, but downstream DOP market declined significantly, downstream procurement enthusiasm weakened, and at present, octanol inventory in Shandong is low, delivery is tight, high-end decline, low-end bottom overall controllable. Octanol analysts believe that the octanol market in Shandong Province in mid-October under the influence of supply and demand and raw materials, octanol market or low consolidation.