Propylene: Octanol losses at 68% run rates offset weaker cost push as demand recovery supports prices

I. Key Focus Points

1. Based on spot propylene prices, octanol production incurs a loss of 60 RMB/ton, with plant operating rates hovering around 68%.
2. Downstream plasticizer plants have increased their load to moderate operating levels, leading to a recovery in rigid demand for octanol.
3. Oct 15: Tightening geopolitical tensions in the Middle East continue to pose supply risks, while market sentiment regarding global demand remains pessimistic, resulting in mixed movements in international oil prices. NYMEX crude futures (November contract) closed at $97.97/bbl, up $2.88 (+3.03%); ICE Brent crude futures (December contract) closed at $105.92/bbl, down $0.14 (-0.13%).

Core Logic: Cost-push factors are weakening, but supply-demand fundamentals are strengthening, supporting a firm market performance.

II. Price Table

Comparison of Octanol and Downstream Product Prices

Unit: RMB/ton

Data Source: Chempricehub Information

Note: Octanol, DOTP, and DOP prices refer to national standard premium-grade products, ex-works cash price including tax.

III. Market Outlook

Yesterday, the octanol market center remained stable at high levels. Downstream users showed average enthusiasm for purchasing raw materials at high prices, and spot trading atmosphere was calm. Reduced supply in the octanol market provided strong support. The octanol market is expected to maintain its high-level operation today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0-3%.