I. price trend

According to the price monitoring of the business agency, the ex factory price of octanol in Shandong fell slightly this week. This week, the average ex factory price of main octanol in Shandong fell from 7266.67 yuan / ton at the beginning of the week to 7183.33 yuan / ton at the end of the week, down 1.15%, 27.29% compared with the same period last year. Overall, the octanol market fell slightly this week, with the Oct. 18 octanol commodity index at 52.82.

II. Market analysis

(I) products:

At present, the operating rate of domestic octanol plant is acceptable; Hualu Hengsheng’s 80000 T / a octanol plant is operating normally, and this week’s offer is firm; the annual capacity of Jiangsu Huachang Chemical octanol plant is 80000 tons, and there is no maintenance plan.

This week, the factory quotation of the mainstream octanol manufacturers in Shandong slightly fell: hualuhengsheng’s factory quotation of this week’s octanol is 7400 yuan / ton, which is temporarily stable; Jianlan chemical’s quotation of this weekend’s octanol is 7100 yuan / ton, which is 200 yuan / ton lower than that at the beginning of the week; lihuayi’s quotation of this weekend’s octanol is 7050 yuan / ton, which is 50 yuan / ton lower than that at the beginning of the week.

(II) industrial chain:

Upstream raw material Market: propylene market fell slightly this week. The quotation dropped from 7550.15 yuan / ton at the beginning of the week to 7466.92 yuan / ton at the end of the week, down 1.10%, down 25.08% year on year. The price of raw materials in the upstream market fell slightly, which had a negative impact on the price of octanol due to the impact of supply and demand.

Downstream market: the price of DOP factory fell slightly this week. DOP quotation dropped from 7650.00 yuan / ton at the beginning of the week to 7600.00 yuan / ton at the end of the week, down 0.65%, down 23.49% year on year. Downstream customers’ purchasing enthusiasm for octanol declined, demand for octanol was average, and DOP price drop had a negative impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

III. future forecast

In late October, Shandong octanol market trend or low consolidation. After the adjustment in September, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. The upstream propylene price fell slightly, the cost support weakened, the downstream DOP market began to decline, the downstream procurement enthusiasm weakened, and at present, the octanol inventory in Shandong Province is low, and the delivery is tight. According to the octanol analysts of the business agency, the octanol market in Shandong in late October may be low consolidation under the influence of supply and demand and raw materials.