1、 Price trend
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The factory price of octanol in Shandong Province rose this week. This week, the average price of octanol mainstream factory quotation in Shandong increased from 7283.33 yuan / ton at the beginning of the week to 7366.67 yuan / ton at the end of the week, up 1.14%, 4.00% compared with the same period last year. Overall, octanol prices rose this week, with the octanol commodity index of 54.17 on November 6.
2、 Market analysis
From the manufacturer’s quotation, the main octanol manufacturer’s factory quotation in Shandong Province rose this week: Jianlan Chemical Co., Ltd. quoted 7350 yuan / ton of octanol at the end of this week, 50 yuan / ton higher than that at the beginning of the week; lihuayi’s offer of octanol was 7350 yuan / ton at the end of this week, which was 150 yuan / ton higher than that at the beginning of the week; Hualu Hengsheng’s offer of octanol was 7400 yuan / ton this weekend, which was higher than that at the beginning of the week 50 yuan / ton.
From the upstream and downstream industrial chain, the propylene market in the upstream raw material market of octanol rose this week, with the quotation rising from 6755.55 yuan / ton at the beginning of the week to 6942.82 yuan / ton at the end of the week, with an increase of 2.77%, and a decrease of 5.33% compared with the same period last year. Upstream raw material market price rise, affected by the supply and demand side, has a positive impact on the price of octanol.
Octanol downstream market, DOP factory price rose this week. DOP’s offer rose from 7450.00 yuan / ton at the beginning of the week to 7600.00 yuan / ton at the end of the week, up 2.01% and 2.24% compared with the same period last year. Downstream DOP prices rose, downstream customers were more enthusiastic about octanol procurement, octanol demand was general, and later market operators were more likely to wait for DOP trend.
3、 Future forecast
In the middle of November, the market trend of octanol in Shandong Province may fluctuate slightly. The upstream propylene market rose, the raw material support was strong, the downstream DOP market also rose slightly, the downstream purchasing enthusiasm was high, the octanol supply was normal. Octanol analysts believe that: in mid November, under the influence of supply and demand, raw materials and other aspects, the octanol market in Shandong may fluctuate and rise slightly.
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