The octanol market remains firm.

1. Today's Summary

① Spot transaction price for octanol in Shandong is 9,600 RMB/ton.
② Domestic octanol plant operating rate is at 70%; downstream DOTP plant operating rate is at 60%, and DOP plant operating rate is at 59%.

2. Spot Market Overview

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

Today, the ex-factory price of octanol in Shandong was 9,600 RMB/ton, while transactions in the Jiangsu market reached 9,800 RMB/ton. The domestic octanol market operated firmly today as cost pressures eased and mainstream plants maintained stable offers. Market sentiment regarding rigid demand inquiries improved compared to yesterday, with decent purchasing activity from downstream plasticizer users for spot octanol. Supply tightened recently, leaving no room for negotiation in the market.

3. Production Dynamics

The capacity utilization rate of domestic octanol production was approximately 70% today. The price of propylene feedstock in Shandong dropped to 10,475 RMB/ton. The listed contract price for Shandong octanol was 9,600 RMB/ton, resulting in a profit margin of 198 RMB/ton for Shandong producers.

4. Price Forecast

Downstream users have largely completed the execution of their previous raw material contracts, creating purchasing demand for spot octanol. Currently, inventory levels at mainstream plants are relatively low, providing short-term momentum for further price increases. The market center for octanol prices is expected to rise tomorrow.

5. Related Products

Today, the octanol feedstock market remained stable with smooth transactions. Supported by improved buying interest yesterday, the DOP market saw a reduction in low-price offers; however, high-price transactions lacked follow-through, leading to a decrease in new orders. Downstream procurement remained cautious, resulting in an average trading atmosphere.

6. Data Calendar

Table 2: Domestic Octanol Data Overview (Units: 10,000 tons, RMB/ton)