Morning Market Update: Octanol

I. Key Focus Points

1. Based on spot propylene prices, the gross margin for 2-ethylhexanol (2-EH) is 338 yuan/ton, with plant operating rates at approximately 70%.
2. Downstream plasticizer plants have increased their load to moderate levels, driven by rigid demand from buyers.
3. Oct 21: Instability in the Middle East continues, but both Russia and Ukraine have signaled willingness for peace talks, leading to mixed movements in international oil prices. NYMEX WTI crude oil futures (December contract) closed at $97.15/bbl, down $0.67 (-0.68%); ICE Brent crude oil futures (December contract) closed at $108.82/bbl, up $0.03 (+0.03%).

Core Logic: Cost-side support has weakened. While short-term market supply remains pressure-free, the related product n-butanol market has softened, causing the 2-EH market center to remain stagnant.

II. Price Table

Comparison of 2-Ethylhexanol and Downstream Product Prices

Unit: Yuan/ton

Data Source: Chempricehub Information

Note: 2-Ethylhexanol, DOTP, and DOP prices refer to national standard premium grade products, ex-factory cash price including tax.

III. Market Outlook

Yesterday, the price center of the 2-EH market remained stable. Propylene raw material prices fell further, improving 2-EH profitability. However, the softening of the related n-butanol market weighed on sentiment in the 2-EH sector, with buyers purchasing primarily based on rigid demand. The 2-EH market is expected to trade steadily today.

IV. Data Calendar

Data Source: Chempricehub Information

Notes:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0–3%.