On October 7th, the price of octanol significantly increased. Due to stable downstream demand, enterprises just needed to restock, and mainstream manufacturers’ limited sales and maintenance plans further increased. Downstream sales pressure suppresses growth, and octanol manufacturers have low inventory, resulting in little short-term sales pressure. In the future, the supply of octanol in the market will be reduced, which will provide some positive boost to the market. However, the downstream follow-up power is insufficient, and the market is in a dilemma of ups and downs, with high consolidation being the main focus. The increase in the plasticizer market is limited, with downstream cautious wait-and-see and limited follow-up on transactions. The propylene market is operating weakly, and due to the impact of crude oil prices and downstream demand, propylene prices may further decline.
On October 7th, the market price of octanol significantly increased, with an average market price of 12652 yuan/ton, an increase of 6.77% compared to the previous working day. Due to the stable operation of downstream manufacturers and the low inventory of raw materials in the factories, companies are able to drive the market by replenishing goods as soon as they need them. However, mainstream octanol manufacturers have limited sales, and at the beginning of the week, large factories in Shandong closed down, resulting in a tight supply of octanol in the market. After the holiday, a maintenance plan for a certain octanol factory has created a strong atmosphere of further speculation, driving up the price of octanol in the market.
Despite the tight supply and high prices in the octanol market, downstream sales are under pressure, and factories are temporarily delaying the procurement of raw materials, suppressing the growth of the octanol market. The inventory of octanol manufacturers is at a low level, and there is not much short-term sales pressure. On October 10th, there is a maintenance plan for octanol manufacturers, and in the middle of the year, there is also a maintenance plan for South China butanol octanol manufacturers. At that time, the supply of octanol in the market will be reduced, which will have a certain positive impact on the market. However, at present, the octanol market has risen to a relatively high level, and downstream follow-up momentum is insufficient. The market is in a dilemma of rising and falling, with high level consolidation being the main focus.
The increase in the plasticizer market is limited. Although the raw material trends in the downstream plasticizer market vary, due to the significant increase in market prices of the main raw material octanol, factories have generally raised their prices. However, the market is rising rapidly this round, and downstream customers are temporarily maintaining a cautious and wait-and-see attitude, with limited follow-up on transactions. Some plasticizer manufacturers have maintenance plans, resulting in a decrease in market operating rates, but the demand side’s support for the market is average.
The propylene market is performing weakly at the current stage. The downward trend of international crude oil prices has had a negative impact on the propylene market, with the news leading towards pessimism. At the same time, the main downstream product of propylene, the polypropylene market, has also shown weakness and overall demand is insufficient, making it difficult to support the price trend of propylene. Although manufacturers are cautious about offering profits, propylene prices may further decline under downstream demand pressure. It is expected that in the short term, the price of domestic propylene market will remain weak and stable.
Overall, the performance of the propylene market is weak, and downstream enterprises are facing sales pressure. The factory adopts a cautious follow-up strategy. On the other hand, the low inventory level in the octanol market, coupled with a maintenance plan for a certain octanol device, has played a certain supporting role in the market. It is expected that the octanol market will mainly experience high volatility in the short term, with an expected fluctuation range of 100-300 yuan/ton.
article source: https://www.chemwin-cn.com/news/octanol-prices-have-significantly-increased-with-short-term-high-volatility-being-the-main-trend/
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