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[Industry Focus]：Octanol market volatility narrowed, buying dips into a new trend

Read： 240 Time：6months ago Source：化工原料每日价格

1. market bottom price establishment and volatility range

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with the reduction of the impact of the import source of octanol on the domestic market and the relative stability of domestic demand, the bottom price of the octanol market has been established. Recently, Shandong factory octanol Price it mainly fluctuates between 9500-9700 yuan/ton, indicating that the market operating range has narrowed. From the demand side, although the demand for octanol was lost in mid-to-early May due to downstream device maintenance, the overall market showed a slow upward trend. This is mainly due to the successive resumption of DOTP plant installations in Shandong, which has promoted the buying of low positions, thus driving the rebound of the market center of gravity.

The positive impact of lower 2. imports on the market

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china imported 27300 tons of octanol in April, down 7500 tons from March and 21.55 percent from the previous month. Compared with April last year, an increase of 10800 tons, an increase of 65.45. This change shows that with the improvement of China's octanol self-sufficiency rate and price adjustment, the arbitrage window of imported octanol is narrowing and the import pattern is beginning to change. The reduction in imports not only eased the pressure on the domestic octanol supply side, but also provided support for market prices. It is expected that with the new production capacity of octanol in China, the import volume of octanol will continue to show a downward trend.

3. Export Growth and Net Import Decline

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in April, China exported 22400 tons of octanol, an increase of 18200 tons over March, an increase of 433. Exports increased by 18900 tons from April last year, a year-on-year increase of 540 percent. From January to April, the cumulative export volume was 29100 tons, an increase of 16800 tons over the same period last year, with a cumulative year-on-year increase of 137.

It is worth noting that China's export volume of octanol increased significantly in April, increasing by 433 percent month on month and 540 percent year on year. This increase not only reduced the net import of octanol to 4900 tons, but also showed the competitiveness of China's octanol in the international market. Although the price of octanol increased in May compared with April, the export volume is expected to decline, but overall, the growth of exports and the decline in net imports will have a positive impact on the octanol market.

Expectations and Market Sentiment of New Plant Production in 4.

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Although the introduction of domestic macroeconomic policies and the rise of the chemical futures market have brought a short-term boost to the octanol market, the industry is cautiously pessimistic about the medium and long-term market. This is mainly because the news of the new plant production plan in June affected the mood in the venue. The main downstream plasticizer market to phase-based transactions, buying on raw materials octanol low replenishment, medium and long-term control positions. Therefore, the octanol market is expected to focus on narrow fluctuations in the near future.

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