Production: Domestic octanol production this week was 71,500 tons, an increase of 1,800 tons from the previous week. The operating rate stood at 77%, up 2 percentage points week-on-week. Average weekly gross margin was -226 RMB/ton, a decrease of 261 RMB/ton compared to last week.
Demand: DOP (dioctyl phthalate) operating rate was 57%; DOTP (dioctyl terephthalate) operating rate was 67%; isooctyl acrylate operating rate was 54%.
| Domestic Octanol Market Trend Chart (Unit: RMB/ton) |
|---|
| Data Source: Chempricehub Information |
Domestic Octanol Market Price Weekly Change Table
Unit: RMB/ton
| Region | Last Week's Closing Price | This Week's Closing Price | Change | Change Rate |
|---|---|---|---|---|
| Shandong | 10,000 | 9,300 | -700 | -7.00% |
| East China | 10,125 | 9,400 | -725 | -7.16% |
Data Source: Chempricehub Information
This week, the overall center of gravity in the domestic octanol market shifted lower. On Thursday, mainstream ex-factory prices in Shandong were around 9,300 RMB/ton, with some manufacturers offering discounts for actual transactions. On the cost side, propylene prices dropped significantly this week, removing cost support for the octanol market. Although downstream plasticizer units saw increased operating rates, insufficient orders in the end-product industry led to weak purchasing willingness among downstream enterprises, who largely adopted a wait-and-see approach. Some octanol producers in Shandong reduced output this week, but overall supply remained loose. Active factory shipments drove continuous price declines. In the East China market, supply remained tight, and local manufacturers maintained relatively higher quotes; transactions were primarily driven by essential replenishment demand.
Supply: No significant change in octanol supply is expected next week compared to this week.
Demand: Downstream plasticizer operating rates are expected to rise further, increasing demand.
Costs: Propylene prices are expected to fluctuate.
Octanol supply is expected to increase month-on-month, leading to looser spot resources. With propylene prices anticipated to decline, cost support for octanol will weaken. Downstream users, including plasticizer manufacturers, remain cautious with strong wait-and-see sentiment, maintaining purchases strictly on an as-needed basis. Driven by increased supply and weakening costs, the octanol market is expected to trade softly. Market participants are closely monitoring crude oil and propylene trends.
For more weekly market analysis, please refer to the Chempricehub Information Butanediol/Octanol Weekly Report.
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