Production: This week, domestic octanol output was 65,500 mt, up 200 mt from last week. The operating rate was 71%, flat. The weekly average gross profit was RMB 324/mt, down RMB 102/mt from last week.
Demand: The DOP operating rate was 56%, up 4 percentage points from last week; the DOTP operating rate was 61%, flat; the 2-ethylhexyl acrylate operating rate was 49%, down 15 percentage points from last week.
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Domestic Octanol Market Price Weekly Change Table
Unit: RMB/mt
| Market | Previous Week Close | Current Week Close | Change | Change (%) |
|---|---|---|---|---|
| Shandong | 8850 | 9300 | +450 | +5.08% |
| East China | 9050 | 9385 | +335 | +3.70% |
This week, the domestic octanol market continued its upward trend. The geopolitical situation in the Middle East escalated further this week, triggering sharp rises in international crude oil and propylene prices and providing strong cost support for the octanol market. Higher feedstock prices pushed up octanol production costs, and mainstream domestic producers raised their offer prices. At the same time, feedstock price increases strengthened overall bullish sentiment, and downstream chemical enterprises and end users showed a significantly stronger appetite for restocking. On the supply side, domestic octanol supply was basically stable this week, with no new increments. Most producers strictly controlled the pace of shipments for new orders and implemented limited sales, keeping spot circulation relatively tight. Downstream rigid-demand purchasing followed steadily, and the overall trading atmosphere in the market was moderate. Combined supply and demand positives pushed octanol prices continuously higher this week.
Supply side: Next week, octanol supply in Shandong will increase, while supply in East China will decrease, resulting in a slight increase in overall market supply.
Demand side: Next week, overall plasticizer operating rates will change little, and rigid demand in the octanol market will remain stable.
Cost side: Feedstock propylene prices will remain high, keeping overall octanol costs at a high level.
Next week, octanol supply in Shandong will increase, while East China supply will decrease, leading to a slight increase in overall market supply. On the demand side, downstream plasticizer operating rates will remain stable; as octanol prices gradually rise to high levels, rigid-demand purchasing will be moderate. On the cost side, feedstock propylene prices will remain high, providing strong cost support for octanol. Overall, the slight supply increase and stable rigid demand offset each other, and with high costs providing a floor, the domestic octanol market is expected to be mainly range-bound next week. Most market participants will remain cautious and mainly trade on a need basis. Continued attention should be paid to propylene fluctuations and changes in downstream plasticizer orders.
For more weekly market analysis, please see Chempricehub's Butanol & Octanol Weekly Report.
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