On October 31, the butanol and octanol market hit the bottom and rebounded. After the octanol market price dropped to 8800 yuan/ton, the buying atmosphere in the downstream market recovered, and the inventory of the mainstream octanol manufacturers was not high, thus driving up the market price of octanol. Under the dual support of supply and demand, the market price of n-butanol rose.

According to statistics, the average market price of octanol yesterday was 9120 yuan/ton, up 2.97% from the previous working day.

On the one hand, when the market price of octanol dropped to 8800 yuan/ton, the buying atmosphere in the downstream market recovered, and manufacturers just needed to purchase in stages. In addition, the recent outbreak of the epidemic in Shandong Province has limited the transportation of some manufacturers, thus promoting the purchasing sentiment in the downstream;

On the other hand, the inventory of octanol mainstream manufacturers is not high. Driven by large factories in Shandong, the market price of octanol in Shandong has risen. In addition, the overhaul time of octanol manufacturers in South China is likely to be advanced, and the market spot supply is expected to decrease, thus increasing the market price of octanol.

The average market price of n-butanol was 7240 yuan/ton, up 2.81% from the previous working day. At the weekend, downstream manufacturers and traders just needed to replenish at low prices, and the enthusiasm of on-site inquiry has increased. In addition, the early maintenance equipment of n-butanol manufacturers has not been restarted yet, and there is not much cash on the market, so the sales pressure of the factory is low. Therefore, under the dual support of supply and demand, the market price of n-butanol has risen.

Future market forecast

Octanol: At present, the inventory of mainstream octanol manufacturers is not high. The octanol unit superimposed in South China is expected to be repaired, and the manufacturer operates at a relatively high price; The recent outbreak in Shandong has a certain impact on product transportation and inventory; Due to worries about raw material transportation, downstream plasticizer manufacturers only need to purchase factories. However, as the price of raw materials reaches a certain high level, the purchase of natural gas in the downstream market will decline, and the market may enter a horizontal stage; In general, octanol manufacturers’ quotations are strong, and downstream procurement is on demand. It is expected that the octanol market will still have room for growth in the short term, with a range of about 100-200 yuan/ton.

N-butanol: the sales pressure of n-butanol plants is very low. In addition, some manufacturers stopped maintenance, and n-butanol manufacturers were determined in the short term; The overall demand of downstream manufacturers is general, and raw materials are purchased as required; The cost propylene market continues to decline, which is difficult to form a favorable support for the n-butanol market; It is expected that the n-butanol market will rise in a narrow range in the short term, with a range of about 100 yuan/ton.

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