1、 Price trend

According to the price monitoring of the business agency, the ex factory price of octanol in Shandong Province was temporarily stable this week. This week, the average ex factory price of main octanol in Shandong was 6966.67 yuan / ton, down 12.92% year on year. Overall, this week’s octanol market was temporarily stable, with the January 3 octanol commodity index at 51.23.

2、 Market analysis

（1） Products:

At present, the operating rate of domestic octanol plant is acceptable; Hualu Hengsheng’s 80000 T / a octanol plant is operating normally, and this week’s offer is firm; the annual capacity of Jiangsu Huachang Chemical octanol plant is 80000 tons, and there is no maintenance plan.

This week, the ex factory quotation of Shandong main octanol manufacturers is temporarily stable: hualuhengsheng’s ex factory quotation of octanol this weekend is 7000 yuan / ton, which is temporarily stable compared with the beginning of the week; Jianlan chemical’s quotation of octanol this weekend is 7000 yuan / ton, which is temporarily stable compared with the beginning of the week; lihuayi’s quotation of octanol this weekend is 6900 yuan / ton, which is temporarily stable compared with the beginning of the week.

（2） Industrial chain:

Upstream raw material Market: propylene market rose slightly this week. The quotation increased from 6607.69 yuan / ton at the beginning of the week to 6848.42 yuan / ton at the end of the week, up 3.64%, down 16.99% year on year. The price of raw materials in the upstream market rose slightly, which had a positive impact on the price of octanol due to the impact of supply and demand.

Downstream market: DOP factory price fell this week. DOP’s quotation dropped from 7416.67 yuan / ton at the beginning of the week to 7316.67 yuan / ton at the end of the week, down 1.35%, down 15.09% year on year. Downstream customers are less active in purchasing octanol, and the demand for octanol is general. The decline of DOP price has a negative impact on octanol market. The aftermarket operators mostly wait and see the trend of DOP.

3、 Future forecast

In the first ten days of January, the trend of Shandong octanol market may fluctuate and fall. After the adjustment in December, the capital return of each plant is in good condition, the equipment maintenance is completed, and the production capacity is increased. The upstream propylene price rose slightly and the cost support was good, but the downstream DOP market was low and consolidated, and the downstream procurement enthusiasm was weak. According to the octanol analysts of the business agency, in the early January, under the influence of supply and demand and raw materials, the octanol market in Shandong may fluctuate and fall.