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 7083.33 yuan / ton at the beginning of the week to 7050.00 yuan / ton at the end of the week, down 0.47%, down 26.33% compared with the same period last year. Overall, the octanol market fell slightly this week, with the octanol commodity index at 51.84 on November 8.

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 main octanol manufacturers in Shandong slightly fell: hualuhengsheng’s factory quotation of this week’s octanol is 7100 yuan / ton, which is temporarily stable; Jianlan chemical’s quotation of this weekend’s octanol is 7000 yuan / ton, which is 100 yuan / ton lower than that at the beginning of the week; lihuayi’s quotation of this week’s octanol is 7050 yuan / ton, which is temporarily stable compared with that at the beginning of the week.

(II) industrial chain:

Upstream raw material Market: propylene market rose slightly this week. The quotation increased from 7265.77 yuan / ton at the beginning of the week to 7323.08 yuan / ton at the end of the week, up 0.79%, down 20.13% year on year. The price of raw materials in the upstream market rose slightly, which had a positive impact on the price of octanol due to the impact of supply and demand.

Downstream market situation: this week, DOP factory price is temporarily stable. DOP quoted 7433.33 yuan / ton, down 23.17% year on year. Downstream customers have general enthusiasm for octanol procurement, general demand for octanol, and low price consolidation of DOP has a negative impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

III. future forecast

In mid November, Shandong octanol market trend or low consolidation. After the adjustment in October, 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 rose slightly, and the cost support was strong, but the downstream DOP market was low and consolidated, and the downstream procurement enthusiasm was general. At present, the octanol inventory in Shandong is low, and the delivery is tight. According to the octanol analysts of the business agency, in the middle of November, the octanol market in Shandong Province may be consolidated at a low level under the influence of supply and demand and raw materials.