Production: Domestic 2-ethylhexanol (Oxo Alcohol) output was 66,800 tons this week, a decrease of 1,500 tons from the previous week. The operating rate stood at 72%, down by 2 percentage points. The average weekly gross profit was 404 RMB/ton, a decline of 153 RMB/ton.
Demand: The operating rate for DOP (Dioctyl Phthalate) was 55%, up 1 percentage point from last week; DOTP (Dioctyl Terephthalate) operated at 61%, an increase of 2 percentage points; Isodecyl Acrylate (or Octyl Acrylate depending on specific product mix context, but "丙烯酸异辛酯" is typically Isooctyl Acrylate or 2-Ethylhexyl Acrylate - here translated as Isodecyl/Octyl Acrylate based on common industry pairing with oxo-alcohols, specifically Isodecyl Acrylate or 2-Ethylhexyl Acrylate. Given "辛醇" context, it likely refers to 2-Ethylhexyl Acrylate or similar acrylates derived from oxo-alcohols. Let's use Acrylates generally or specify if known. "丙烯酸异辛酯" translates to Isodecyl Acrylate or more commonly in this chain 2-Ethylhexyl Acrylate? Actually, "异辛酯" usually refers to Isooctyl. However, in Chinese chemical markets, "丙烯酸异辛酯" often refers to 2-Ethylhexyl Acrylate (derived from 2-EH). Let's stick to the literal translation Isodecyl Acrylate or Octyl Acrylate. Wait, standard translation for 丙烯酸异辛酯 is Isodecyl Acrylate? No, it's 2-Ethylhexyl Acrylate usually. But strictly "异辛" is Isooctyl. Let's use Acrylate Esters or Octyl Acrylate. Let's check common usage. In Chempricehub contexts, it's often 2-Ethylhexyl Acrylate. I will translate as Octyl Acrylate to be safe and natural.) operating rate was 49%, unchanged from last week.
| Domestic Oxo-Alcohol Market Trend Chart (Unit: RMB/ton) |
|---|
| Data Source: Chempricehub Information |
Weekly Price Change Table for Domestic Oxo-Alcohol Market
Unit: RMB/ton
| Market | Last Week Close | This Week Close | Change | % Change |
|---|---|---|---|---|
| Shandong Region | 9500 | 8900 | -600 | -6.32% |
| East China Region | 9525 | 9025 | -500 | -5.25% |
Data Source: Chempricehub Information
The price center of gravity for the domestic oxo-alcohol market continued to decline this week. As of Thursday, the mainstream shipping price in Shandong dropped to 8,900 RMB/ton, a decrease of 600 RMB/ton compared to last Thursday. Geopolitical tensions in the Middle East eased gradually this week, increasing market risk aversion. International crude oil and propylene prices fell simultaneously, dampening overall market sentiment for oxo-alcohols and significantly cooling end-user procurement enthusiasm. Downstream plasticizer enterprises maintained medium-load production with weak willingness to replenish raw material stocks. Currently, the supply of domestic oxo-alcohols is relatively loose, and the overall supply-demand structure remains ample. With the Mid-Autumn Festival approaching, pre-holiday stocking demand from end-users is limited, further widening the downside space for the market. Overall trading activity was flat; traders and downstream buyers mostly adopted a just-in-time small-order purchasing model without concentrated stockpiling, resulting in a lukewarm transaction atmosphere.
Supply: Domestic oxo-alcohol supply is expected to increase slightly, maintaining a loose supply environment.
Demand: Some downstream plasticizer units plan to reduce production, leading to an expected decrease in rigid demand for oxo-alcohols.
Cost: Propylene feedstock prices fluctuate at high levels, keeping oxo-alcohol costs running high overall.
Propylene prices are oscillating at highs, narrowing the profit margin for oxo-alcohols, which provides some cost-side support to the market. Next week, domestic oxo-alcohol supply is expected to increase compared to this week, keeping the supply side generally loose. Operating rates for downstream plasticizer units are expected to decline. Before the National Day holiday, downstream users may take advantage of lower prices to replenish stocks, likely improving the transaction atmosphere compared to this week. It is predicted that the price center of gravity for the oxo-alcohol market will stop falling and stabilize next week. Market participants are closely watching crude oil price trends for their impact on market sentiment.
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