Octanol Market Remains in a High-Level Consolidation Phase (September 14, 2026)

1. Today's Summary

① Feedstock propylene prices fluctuated widely, expanding the profit margin for 2-ethylhexanol (EHEH).
② The domestic EHEH operating rate was 73% today; downstream DOTP operating rate was 59%, and DOP operating rate was 55%.

2. Spot Market Overview

Table 1: Summary of Domestic EHEH and Key Downstream Prices (Unit: CNY/ton)

Today, ex-factory prices in Shandong stood at 9,500 CNY/ton, while reference prices in the Jiangsu market ranged from 9,550 to 9,600 CNY/ton. The domestic EHEH market center remained stable at high levels. Some producers offered spot prices on the higher side, but downstream users showed limited interest in purchasing at these elevated levels. Prices for key downstream plasticizers rose, with production rates for these units dropping to medium loads. Buyers maintained rigid demand procurement. Currently, EHEH prices are relatively high, with most transactions involving small lots.

3. Production Dynamics

The domestic EHEH capacity utilization rate was approximately 73% today. Propylene feedstock prices experienced significant fluctuations. Mainstream ex-factory prices in Shandong were 9,500 CNY/ton, resulting in a profit of 651 CNY/ton for Shandong EHEH producers.

4. Price Forecast

Profit margins for EHEH have improved somewhat, with mainstream factories focusing on maintaining stable shipments. In the short term, spot supply is limited, and downstream users remain cautious about procuring raw materials at high prices. The market center for EHEH is expected to remain stable at high levels tomorrow.

5. Related Products Status

DOP: Delivered prices for DOP in the Jiangsu region ranged from 10,650 to 10,750 CNY/ton. With stable EHEH feedstock prices, DOP production costs remained high, driving further price increases. Market buying activity continued to reflect rigid demand only.

6. Data Calendar

Table 2: Domestic EHEH Data Overview (Unit: 10,000 tons, CNY/ton)