Supply Increase Leads to Volatile Decline in Isooctanol Prices in August in China

August 12th news

August prices for 2-ethylhexanol fluctuated and declined in China

According to the commodity market analysis system, as of August 12, the price of 2-ethylhexanol was 7,383.33 CNY/ton, a decrease of 1.99% from the price of 7,533.33 CNY/ton on August 1. In early August, the price of 2-ethylhexanol fluctuated downward. In August, the operating rates of 2-ethylhexanol production facilities in China recovered, with a slight increase in the operating rate of 2-ethylhexanol equipment and additional capacity, leading to an increase in 2-ethylhexanol supply. Meanwhile, the downstream plasticizer enterprises also resumed operations, increasing the demand for 2-ethylhexanol. Despite the increase in both supply and demand, the price of 2-ethylhexanol still fluctuated downward.

Downstream plasticizer DOP prices fluctuated and declined in China.

According to the commodity market analysis system, as of August 12, the DOP price was 7809.16 CNY/ton, a 1.84% decrease from the DOP price of 7955.83 CNY/ton on August 1. In August, DOP production in China increased to 66% of capacity, leading to an increase in plasticizer output and a corresponding decline in plasticizer prices. The increase in plasticizer production has also led to an increase in demand for 2-ethylhexanol, maintaining upward pressure on its price.

In August, the operating rate of DOP enterprises in China increased, stabilizing at 66%. The production of plasticizers increased, and the demand for 2-ethylhexanol rose, with the support for 2-ethylhexanol prices still present.

Future Market Expectations

The product data analyst for 2-ethylhexanol believes that in terms of demand, the operating rate of DOP equipment in plasticizer enterprises in China increased in August, leading to an increase in DOP production. This has led to a recovery in the demand for 2-ethylhexanol, providing greater support for future price increases. On the supply side, the operating rates of 2-ethylhexanol enterprises have improved, and with new 2-ethylhexanol capacities coming online, the supply of 2-ethylhexanol has also increased. Overall, both the supply and demand for 2-ethylhexanol have increased, but the overall 2-ethylhexanol market is still in a stage of inventory accumulation, and it is expected that the price of 2-ethylhexanol will fluctuate and decline in the future.