The market center of gravity for octanol has risen slightly.

1. Daily Summary

1. Reference price for n-octanol in Shandong stood at CNY 9,850/ton, with market transactions driven primarily by rigid demand.
2. Today's domestic n-octanol plant operating rate was 73%; downstream DOP plant operating rate was 62%, and DOTP plant operating rate was 60%.
3. Feedstock propylene prices declined, slightly alleviating cost pressure on n-octanol.

2. Spot Market Overview

Table 1: Price Summary of Domestic N-Octanol and Key Downstream Products (Unit: CNY/ton)

Today, ex-factory prices for n-octanol in Shandong ranged from CNY 9,850 to 9,900/ton, while spot transactions in the Jiangsu market were concluded at CNY 10,050/ton. The center of gravity for the domestic n-octanol market continued to rise today. Downstream buyers remained cautious regarding high-priced n-octanol, resulting in a moderate atmosphere for spot negotiations. With mainstream plants maintaining low inventory levels at month-end and downstream users having replenishment needs, market offers remained firm at high levels.

(Note: Charts 1 and 2 regarding weekly and daily price trends have been omitted as per instructions to exclude image-only content.)

3. Production Dynamics

The capacity utilization rate for domestic n-octanol production was approximately 73% today. Feedstock propylene prices in Shandong rebounded to CNY 11,050/ton. The listed contract price for n-octanol in Shandong was CNY 9,850/ton, yielding a profit margin of CNY 45/ton for Shandong producers.

(Note: Charts 3 and 4 regarding capacity utilization trends and profit vs. price comparison have been omitted as per instructions to exclude image-only content.)

4. Price Forecast

Feedstock propylene prices remain elevated, providing strong support to n-octanol costs. Tight spot inventories of n-octanol at month-end, combined with robust rigid demand purchasing, suggest that the market center of gravity for n-octanol will see a slight upward shift tomorrow.

5. Related Products Status

Prices for feedstocks n-octanol and phthalic anhydride (PA) continued to rise today. DOP merchants actively shipped goods; in the afternoon, prices in the Shandong region took the lead in rising, which boosted buying interest in the East China region. End-users gradually resumed rigid-demand replenishment, leading to an improved transaction atmosphere in the market.

6. Data Calendar

Table 2: Domestic N-Octanol Data Overview (Unit: 10k tons, CNY/ton)