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1-Octanol holds firm as crude oil prices end mixed on geopolitical tensions and weak demand

Published on 2026-10-16

I. Key Highlights

  1. October 15: Tightening geopolitical tensions in the Middle East continue to pose supply risks, while market sentiment regarding global demand remains pessimistic, leading to mixed movements in international crude oil prices.
  2. Low-priced transactions for octanol were smooth, with prices remaining firm.
  3. DOTP market prices are consolidating at high levels.
  4. October 15: The average spot price of PTA fell by 170 CNY/ton to 7,060 CNY/ton. The average spot basis was -65 (at 2701+550).

Core Logic: Cost and demand forces are in a standoff, resulting in a stagnant consolidation for DOTP.

II. Price Table

Product Region Current Period Previous Period Change Rate
DOTP Zhejiang 10,600 10,600 0
Octanol Shandong 9,450 9,450 0
PTA East China 7,060 7,230 -2.35%
Notes: 1. Octanol, PTA, and DOTP all refer to National Standard Premium Grade products. 2. Prices for these three varieties are in RMB, unit: CNY/ton. 3. All RMB prices listed above are ex-works cash-inclusive tax prices. 4. The two periods represent point-in-time prices for today versus the previous business day. 5. The change rate is the period-over-period percentage change.

Data Source: Chempricehub Information

III. Market Outlook

Yesterday, the DOTP market remained in a stalemate, trading sideways. Buyers made phased replenishment purchases at lower prices, and low-price transactions were smooth in some regions. However, there was no substantial improvement in overall market sentiment. With cost and demand forces balancing each other out, DOTP price fluctuations are limited. The market is expected to maintain a pattern of consolidation at high levels today.

IV. Data Calendar

Data Item Release Date Previous Data Current Trend Forecast
Weekly DOTP Output Thursday 16:00 PM 38,200 tons ↗
Weekly Average DOTP Capacity Utilization Thursday 16:00 PM 56.17% ↗
Weekly Average DOTP Production Profit Thursday 16:00 PM 232 CNY/ton ↘
Notes: 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. 2. ↗ ↘ indicate narrow-range volatility, highlighting data dimensions with changes within 0-3%.

Data Source: Chempricehub Information

Comments

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  • Olivier Dupont 2026-10-16 10:04
    DOTP’s high-level consolidation reflects a cost-demand standoff, with firm octanol feedstock offsetting weak downstream PVC demand. While PTA drops ease pressure, persistent geopolitical risks keep crude volatile, sugge..
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