1、 Price trend
The factory price of octanol in Shandong Province rose this week. This week, the average price of mainstream factory price of octanol in Shandong increased from 7066.67 yuan / ton at the beginning of the week to 7216.67 yuan / ton at the end of the week, an increase of 2.12%, and a year-on-year decrease of 1.37% compared with the same period of last year. Overall, octanol market rose this week, with the octanol commodity index of 53.06 on July 24.
2、 Market analysis
From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province rose this week: Jianlan Chemical Co., Ltd. quoted 7200 yuan / ton of octanol at the end of this week, which was 100 yuan / ton higher than that at the beginning of the week; lihuayi’s offer of octanol was 7100 yuan / ton at the end of this week, which was 150 yuan / ton higher than that at the beginning of the week; Hualu Hengsheng’s offer of octanol this weekend was 7350 yuan / ton, compared with the beginning of the week It increased by 200 yuan / ton.
Judging from the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose slightly this week, with the quotation rising from 6785.45 yuan / ton at the beginning of the week to 6870.09 yuan / ton at the end of the week, an increase of 1.25%, and a decrease of 11.72% compared with the same period last year. Upstream raw material market price rise, affected by the supply and demand side, has a positive impact on the price of octanol.
Octanol downstream market, DOP factory price rose this week. DOP’s offer rose from 7033.33 yuan / ton at the beginning of the week to 7166.67 yuan / ton at the end of the week, up 1.90%, down 0.46% from the same period last year. Downstream customers’ enthusiasm for octanol procurement increased, octanol demand was general, the rise of DOP price had a positive impact on octanol market. After the market operators more watch the trend of DOP.
3、 Future forecast
In late July, the market trend of octanol in Shandong was mainly fluctuated. The upstream propylene price rose, the cost support was strong, the downstream DOP market began to rise, and the downstream purchasing enthusiasm was strong. Octanol analysts believe that: in late July, under the influence of supply and demand and raw materials, the octanol market in Shandong may fluctuate and rise slightly.