According to Chempricehub data, domestic 2-ethylhexanol (OCT) margins narrowed this week. Market activity remained sluggish, and OCT prices in Shandong gradually declined, with the weekly average price falling by RMB 362 per ton. The feedstock propylene price rebounded slightly after an initial drop during the week; however, the decline in raw material costs was smaller than the drop in OCT prices. As a result, the average OCT margin in Shandong stood at RMB 404 per ton for the week, down RMB 153 per ton from the previous week. Due to the sustained price decline of OCT, particularly widening in the second half of the week, margins in Shandong fell to RMB 215 per ton as of Thursday, causing some producers to face increasing cost pressure on spot OCT sales.
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