2-EH Market Negotiation Center Slides Lower (September 18, 2026)

1. Today's Summary

① Secondary market offers for octanol remain low, with limited purchasing interest from downstream users.

② Domestic octanol plant operating rates stood at 70% today; downstream DOTP plant operating rates were at 59%, and DOP plant operating rates were at 53%.

2. Spot Market Overview

Table 1: Summary of Domestic Octanol and Major Downstream Product Prices (Unit: CNY/ton)

Today, Shandong octanol ex-plant prices were quoted at 9500 CNY/ton, while the Jiangsu market reference price ranged between 9500–9600 CNY/ton. The center of gravity in the domestic octanol market shifted lower today. Due to low pricing on profit-taking sales by intermediaries, current shipment offers have struggled to secure transactions. Ahead of the National Day holiday, supply from octanol plants has recovered somewhat, leading to ample market supply, while downstream users maintain a wait-and-see attitude.

3. Production Dynamics

Today, the domestic octanol capacity utilization rate was approximately 70%. With raw material propylene prices falling, mainstream Shandong octanol ex-plant prices settled at 9400 CNY/ton, yielding a profit of 558 CNY/ton for Shandong producers.

4. Price Forecast

Downstream users show little enthusiasm for spot octanol purchases at current levels. Intermediaries are actively seeking to offload inventory, resulting in low transaction prices for actual orders and difficulty closing deals at higher price points. Supply volumes in the octanol market are expected to increase next week. Before the National Day holiday, plants are prioritizing shipments, so the market price center is anticipated to face downward pressure next week.

5. Related Products

DOP: In the Shandong region, DOP market prices were shipped out at levels between 10400–10500 CNY/ton. As octanol prices softened, DOP merchants continued to adjust their quotes downward. Currently, inquiry activity remains average.

6. Data Calendar

Table 2: Domestic Octanol Data Overview (Units: 10,000 tons, CNY/ton)