On August 10th, the market price of octanol significantly increased. According to statistics, the average market price is 11569 yuan/ton, an increase of 2.98% compared to the previous working day.
At present, the shipment volume of octanol and downstream plasticizer markets has improved, and the mindset of operators has changed. In addition, an octanol factory in Shandong Province has accumulated inventory during the later storage and maintenance plan, resulting in a small amount of overseas sales. The supply of octanol in the market is still tight. Yesterday, a limited auction was held by a large factory in Shandong, with downstream factories actively participating in the auction. So the trading price of Shandong’s large factories has significantly increased, with an increase of about 500-600 yuan/ton, marking a new high in the octanol market trading price.

Supply side: The inventory of octanol manufacturers is at a relatively low level. At the same time, the cash flow in the market is tight, and there is a strong speculative atmosphere in the market. The market price of octanol may rise in a narrow range.
Demand side: Some plasticizer manufacturers still have rigid demand, but the release of the end market is basically over, and downstream plasticizer manufacturers’ shipments have decreased, which limits the negative demand in the downstream market. With the increase in raw material prices, downstream purchases of natural gas may decrease. Under negative demand constraints, there is a risk of a decline in the market price of octanol.
Cost side: The international crude oil price has risen at a high level, and the main downstream polypropylene futures prices have slightly rebounded. With the parking and maintenance of a factory in the region, the flow of spot supply has decreased, and the overall downstream demand for propylene has increased. Its positive impact will be further released, which will be conducive to the price trend of propylene. It is expected that the propylene market price will continue to rise in the short term.
The raw material propylene market continues to rise, and downstream enterprises just need to purchase. The octanol market is tight in spot, and there is still a speculative atmosphere in the market. It is expected that the octanol market will decline after a narrow rise in the short term, with a fluctuation range of approximately 100-400 yuan/ton.