Post-holiday Isobutanol Prices Rebound

October 11, News

Post-holiday isooctanol prices have stopped falling and rebounded

According to the commodity market analysis system, as of October 11, the price of 2-ethylhexanol was 6533.33 CNY/ton, which first decreased and then increased from the price of 6666.67 CNY/ton on October 1, with a price decrease of 2.00%; it also increased from the price of 6483.33 CNY/ton on October 10, with a price increase of 0.77%. Some enterprises' 2-ethylhexanol equipment underwent maintenance, and after the holiday, the operating load of 2-ethylhexanol facilities in enterprises slightly decreased, leading to a reduction in 2-ethylhexanol supply; the profit of 2-ethylhexanol is at the edge of the cost line, and manufacturers have a strong desire to maintain prices. After the holiday, due to the decrease in 2-ethylhexanol supply and enterprise restocking, the price of 2-ethylhexanol stopped falling and rebounded.

The price of the downstream plasticizer DOP has fluctuated and decreased.

According to the commodity market analysis system, as of October 11, the DOP price stood at 7,309.16 CNY per ton, marking a slight decline from the October 1 price of 7,367.50 CNY per ton—down by 0.79%. Post-holiday, DOP prices have continued to fluctuate downward, with DOP producers operating at less than 60% capacity utilization, resulting in a marginal drop in their operational rates. Meanwhile, demand for isooctanol remains weak, putting ongoing downward pressure on its price.

Market expectations for the future

The analyst of 2-ethylhexanol product data believes that, in terms of supply, the profit of 2-ethylhexanol has decreased, and the enterprises producing 2-ethylhexanol have a strong intention to maintain prices. The operating load of 2-ethylhexanol production equipment has slightly decreased, leading to a reduction in the supply of 2-ethylhexanol. Additionally, post-holiday restocking increases the support for a rise in 2-ethylhexanol prices. On the demand side, DOP prices are fluctuating and declining, with a slight decrease in the operation rates of DOP-producing enterprises, weakening the demand support for 2-ethylhexanol. Looking ahead, despite the continued weak demand for 2-ethylhexanol, there is significant pressure for price declines; however, due to reduced supply and post-holiday restocking, there is a strong desire to increase the price of 2-ethylhexanol. It is expected that 2-ethylhexanol prices will remain in a state of fluctuation and consolidation.