Last week, the market price of octanol increased. The average price of octanol in the market is 9475 yuan/ton, an increase of 1.37% compared to the previous working day. Reference prices for each main production area: 9600 yuan/ton for East China, 9400-9550 yuan/ton for Shandong, and 9700-9800 yuan/ton for South China. On June 29th, there was an improvement in downstream plasticizer and octanol market transactions, giving operators confidence. On June 30th, Shandong Dachang limited auction. Driven by a bullish atmosphere, enterprises actively participate in downstream, with smooth factory shipments and low inventory levels, which is conducive to the upward market focus. The mainstream transaction price of Shandong large factories is between 9500-9550 yuan/ton.
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The inventory of octanol factory is not high, and the enterprise sells at a high price
In the past two days, mainstream octanol manufacturers have been shipping smoothly, and enterprise inventory has decreased to a low level. A certain octanol device is still under maintenance. In addition, the sales pressure of each enterprise at the end of the month is not high, and the mentality of the operators is firm. However, the octanol market belongs to a phased pullback, lacking sustained buying support, and there is a possibility of a subsequent market decline.
Downstream construction has declined, with relatively limited demand
In July, the high temperature off-season entered, and the load of some downstream plasticizer factories decreased. The overall market operation declined, and demand remained weak. In addition, the procurement cycle in the end market is long, and downstream manufacturers still face shipping pressure. Overall, the demand side lacks follow-up motivation and is unable to support the octanol market price.
Good news, propylene market rebounds
At present, the cost pressure on downstream polypropylene is severe, and the mentality of operators is slightly negative; The emergence of low-priced sources of goods in the market, with downstream demand for procurement, has dragged down the trend of the propylene market; However, considering that on June 29th, a large propane dehydrogenation unit in Shandong underwent temporary maintenance and is expected to last for about 3-7 days. At the same time, the initial shutdown of the unit will be delayed, and the supplier will support the trend of propylene prices to some extent. It is expected that the propylene market price willsteadily increase in the near future.
In the short term, octanol is sold at a high price in the market, but downstream demand continues to follow up and lacks momentum, and market prices may decline. Octanol is expected to rise first and then fall, with an increase of around 100-200 yuan/ton.