1、 Price trend

The factory price of octanol in Shandong Province fell this week. This week, the average price of octanol mainstream factory quotation in Shandong decreased from 7533.33 yuan / ton at the beginning of the week to 7516.67 yuan / ton at the end of the week, a decrease of 0.22%, and a year-on-year increase of 6.37% compared with the same period last year. Overall, octanol market fell this week, Oct. 23 octanol commodity index was 55.27.

2、 Market analysis

From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province fell this week: Jianlan chemical’s offer of octanol was 7500 yuan / ton at the end of this week, which was temporarily stable compared with the beginning of the week; lihuayi’s offer of octanol was 7450 yuan / ton at the end of this week, which was 50 yuan / ton lower than that at the beginning of the week; Hualu Hengsheng’s offer of octanol was 7600 yuan / ton this weekend, which was temporarily stable compared with the beginning of the week.

Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol fell this week, with the quotation falling from 7352.73 yuan / ton at the beginning of the week to 7321.82 yuan / ton at the end of the week, a decrease of 0.42%, and a year-on-year increase of 0.73% over the same period last year. Upstream raw material market prices fell, affected by the supply and demand side, had a negative impact on octanol prices.

Octanol downstream market, DOP factory price fell this week. DOP quotation fell from 7466.67 yuan / ton at the beginning of the week to 7433.33 yuan / ton at the end of the week, down 0.45% compared with the same period last year. Downstream DOP prices fell, downstream customers’ enthusiasm for octanol procurement weakened, octanol demand was general, and future market operators were more likely to wait for DOP trend.

3、 Future forecast

In late October, the market trend of octanol in Shandong Province was mainly fluctuating. Upstream propylene market fell, raw material support weakened, downstream DOP market also fell slightly, downstream purchasing enthusiasm weakened, octanol supply was normal. Octanol analysts believe that: in the late October of Shandong octanol market in the supply and demand and raw materials and other aspects of the impact, octanol market or a small shock down.