Octanol Market Center of Gravity Rises (20260909)

1. Today's Highlights

• Raw material propylene prices rose significantly, leaving essentially no profit margin for octanol.
• Today, the domestic octanol operating rate was 72%; downstream DOTP units operated at 64%, and DOP units at 55%.

2. Spot Market Overview

Table 1: Summary of domestic octanol and major downstream product prices (unit: RMB/ton)

Shandong octanol ex-works price was 9,000 RMB/ton today, while the Jiangsu market was referenced at 9,100–9,200 RMB/ton. The domestic octanol market shifted higher today, mainly driven by the cost side. Octanol profitability narrowed notably. Mainstream plants continued to supply contract customers, leaving limited spot availability. Buying interest for genuine demand was moderate, and the transaction price center gradually moved upward. In the short term, market sentiment is positive, with offers in the secondary market running high.

3. Production Updates

Domestic octanol capacity utilization was around 72% today. Reflecting the sharp rise in feedstock propylene prices, calculated against spot propylene prices, Shandong octanol's mainstream ex-works price of 9,000 RMB/ton leaves no profit margin.

4. Price Forecast

The feedstock propylene market remains strong, significantly compressing octanol's cost-to-profit margin, and some producers have begun to see costs exceed selling prices. With limited spot supply in the short term and buyers purchasing as needed, the octanol market price center is expected to move higher tomorrow.

5. Related Product Updates

DOP: The DOP market continued to advance today. Some traders continued to control volumes for sale, while higher crude oil and rising feedstock prices supported buying sentiment. Transactions went smoothly in some regions during the day, with end-users making moderate purchases to meet genuine needs.

6. Data Calendar

Table 2: Domestic octanol data overview (unit: 10,000 tons, RMB/ton)

Data source: Chempricehub Information

Notes:

1. ↓ / ↑ indicate significant fluctuations, highlighting data dimensions with a change rate exceeding 3%.
2. ↗ / ↘ indicate narrow fluctuations, highlighting data with a change rate within 0–3%.