The market center of gravity for octanol has edged slightly higher.

1. Daily Summary

① Spot trading in the octanol market remained steady, with producers primarily focusing on inventory clearance ahead of the holiday.
② Domestic octanol plant operating rates stood at 77% today; downstream DOTP units operated at 60%, and DOP units at 52%.

2. Spot Market Overview

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

Today, ex-factory prices for octanol in Shandong were quoted at 8,950 CNY/ton, while reference prices in the Jiangsu market stood at 9,150 CNY/ton. Domestic octanol prices saw a slight increase. Downstream users maintained rigid-demand purchasing patterns ahead of the holiday, resulting in moderate transaction activity. Currently, industry operating rates have risen to medium-high levels, indicating ample supply. Lacking significant bullish catalysts, buyers engaged in opportunistic restocking at lower levels, while traders largely maintained light inventory positions.

3. Production Dynamics

Today, domestic octanol capacity utilization hovered around 77%. The price of propylene feedstock in Shandong decreased by 45 CNY/ton compared to yesterday, slightly easing cost pressures. Mainstream ex-factory prices for octanol in Shandong were 8,950 CNY/ton. Cost-based margins for Shandong octanol producers stood at 62 CNY/ton, with some enterprises facing negative margins due to costs exceeding prices.

4. Price Forecast

Propylene feedstock prices remain volatile at high levels, beginning to exert pressure on octanol manufacturers' costs. However, as supply increases ahead of the National Day holiday and buyer enthusiasm remains moderate, the octanol market center is expected to consolidate tomorrow.

5. Related Products

DOP market prices in Shandong were quoted at 10,200–10,300 CNY/ton for ex-works delivery. With octanol prices showing slight firmness, low-price offers in the DOP market have diminished, while end-users continue to maintain rigid-demand purchases.

6. Data Calendar

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