Summary of Octanol Supply in China

In recent five years, the compound annual growth rate of octanol production is 7.95%. The octanol production in 2017 increased by 12.88% compared with that in 2016. The larger increase of octanol production in this year is mainly due to the full release of anqing Shuguang production capacity and the commissioning of Luxi Phase III plant in June 2017.

Octanol production continued to show an upward trend in 2018-2019. In 2018, the phase III plant of Luxi Chemical was fully put on the market, and the octanol output of Luxi Chemical in 2018 increased by 100,000 tons compared with 2017. In addition, the profit level of octanol in 2018 was reasonable. In addition to planned maintenance and production limit due to environmental protection, octanol factories were active in starting operations, which led to an increase in octanol output of 200,000 tons year-on-year in 2018.

 In 2019, the output of octanol increased by 120,000 tons year on year. This year, the production capacity involved in maintenance decreased, and the factory maintained high load production. In 2020, due to the impact of public health events, the operation rate and output of octanol units in 2020 will be reduced. In 2021, the output of octanol will increase, and the operating rate of the device will increase to about 100%.

As there is no new capacity of octanol in China, the operation rate of octanol unit is on the rise, and the capacity utilization rate is high. According to statistics, the output of octanol in 2021 will reach 2.39 million tons, the highest level in the past five years.

Domestic octanol device utilization rate is higher in 2021. Most of the supply loss of octanol this year comes from the factory's rotating maintenance. According to statistics, the maintenance involved capacity of 1.245 million tons, maintenance capacity accounted for 52.98% of the national design capacity of octanol, involving 8 production enterprises.

The yield of octanol is high in January and February of the whole year, and the maintenance of devices in other months leads to yield loss. In September, various regions of the country had different degrees of production and power restriction policies. Since most octanol enterprises are state-owned enterprises and octanol products are profitable in enterprises, the power restriction policies have little impact on octanol.