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[Industry Focus]：Downstream market pick up, octanol market prices up, how about the market?

Read： 444 Time：17months ago Source：百川盈孚

Last week, the market price of octanol rose. The average market price of octanol was 9475 yuan/ton, up 1.37 percent from the previous working day. Reference prices of major production areas: East China reference price 9600 yuan/ton, Shandong reference price 9400-9550 yuan/ton, South China reference price 9700-9800 yuan/ton. On June 29, the downstream plasticizer and octanol market transactions improved, giving operators confidence. On June 30, Shandong Dachang was auctioned in a limited amount. Driven by the bullish atmosphere, enterprises actively participate in the downstream, factory shipments smooth, enterprise inventory is at a low level, conducive to the market center of gravity upward. The mainstream transaction price of Shandong Dachang is between 9500-9550 yuan/ton.

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Octanol plant inventory is not high, the enterprise is selling at a high price.

In the past two days, the mainstream manufacturers of octanol shipped smoothly, and the inventory of enterprises fell to a low level. An octanol plant is still under repair. In addition, at the end of the month, the sales pressure of each enterprise is not great, and the operator's mentality is firm. However, the octanol market is a phased correction, the market lacks continuous buying support, and the subsequent market may decline.

Downstream starts decline, demand is relatively limited

july into the high temperature off-season, downstream part of the plasticizer plant load decline, the overall market start-up decline, demand is still in a weak state. In addition, the end market procurement cycle is long, downstream manufacturers are still facing shipping pressure. In general, the demand side to follow up the lack of momentum, it is difficult to support the octanol market price.

Good news, propylene market rebound

at present, the cost pressure of polypropylene in the main downstream is serious, and the operator's mentality is slightly negative. There is a low-priced supply in the market, and the downstream just needs to purchase. The demand side has dragged down the trend of the propylene market. However, in view of the temporary failure maintenance of a large propane dehydrogenation unit in Shandong on June 29, it is expected to last for about 3-7 days. At the same time, the restart of the early shutdown device will be delayed, and the supplier will support the propylene price. Propylene market prices are expected to rise steadily in the near future.

In the short term, the octanol market is selling at a high price, but downstream demand continues to follow up with insufficient momentum, and market prices may be adjusted back. Octanol is expected to rise first and then fall, with an increase of about 100-200 yuan/ton.

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