Analysis of the development status and competition pattern of octanol industry in 2022
Octanol, also known as n-octanol, is an organic compound. Octanol is widely used in the market, and can be used as solvent, plasticizer, antifreeze, lubricant, extractant, dispersant, stabilizer, fragrance and other products in the fields of refined oil, plastics, coatings, printing and dyeing, food processing, cosmetics, etc. .
The consumption of octanol is concentrated in plasticizers such as dioctyl phthalate (DOP) and dioctyl terephthalate (DOTP). Last week, the domestic DOP market continued to bottom out, but in the later period, driven by the rise in octanol, the DOP market trading improved and ushered in a wave of rebound, especially during the weekend and the opening of this week, octanol continued to rise, and the positive release, DOP Merchants follow up the price, but the demand follow-up is still insufficient.
Taking the Shandong market as an example, the low price in the market last week was 11,600 yuan/ton, and now it has risen to 12,000 yuan/ton, an increase of 3.77%. Although the focus of the DOP market is currently rising, the actual demand follow-up is still lacking. In particular, some restrictions and transportation still restrict demand. Secondly, downstream and traders are cautious in purchasing, and the market’s buying momentum is still insufficient. It is expected that the DOP market will still face a game between cost and demand in the near future. The short-term market price will remain firm, but the pressure on high-level transactions is also obvious. Pay attention to the recovery of terminals and transportation.
Octanol is strong, and cost transmission still dominates. Taking Luxi octanol as an example, the price of octanol reached as low as 12,000 yuan/ton last week. In the process of continuous decline, it also negatively restricts DOP, resulting in a continuous decline in the center of gravity of the DOP market; subsequent low-priced transactions in the octanol market Improvement and price increase. Up to now, the price of Luxioctanol has risen to 12,500 yuan/ton, an increase of 4.17%. Driven by the rising trend of octanol, the DOP industry, which has been hindered in long-term profit acquisition, followed up the price.
According to statistics, the production capacity of China’s octanol industry this year is 2.49 million tons, and the output is 2.3664 million tons. The output increased by 13.9% year-on-year, and the capacity utilization rate was 95.04%.
Octanol Industry
From the perspective of industry competition (according to production capacity), the concentration of production capacity in the octanol industry is relatively high, and the five companies with the largest production capacity account for nearly 50% of the total production capacity of the industry. According to statistics, the CR5 production capacity of China’s octanol industry this year is: Yongli Chemical (280,000 tons, accounting for 11.2%), Qilu Petrochemical (255,000 tons, accounting for 10.2%), Shandong Jianlan (210,000 tons, accounting for 8.4%) %), Luxi Chemical (180,000 tons, accounting for 7.2%), Zibo Lanfan (140,000 tons, accounting for 5.6%).
octanol industry
From the perspective of the supply side, the domestic production capacity has remained basically stable, and the overall output has maintained a steady increase. According to statistics, the production capacity of China’s octanol industry this year is 2.49 million tons, and the output is 2.3664 million tons. The output has increased by 13.9% year-on-year, and the capacity utilization rate is 95.04%.
From the perspective of the demand side, the apparent consumption of octanol shows an increasing trend from 2017 to 2022. In 2020, affected by the new crown epidemic, the growth rate is low, only 1.43%, and the growth rate in the rest of the years is above 8%. . In 2021, the apparent consumption of octanol will be 2.569 million tons, a year-on-year increase of 9.9%.
Octanol market price trend
Due to repeated foreign epidemics, extreme weather and other factors, the supply side of the industrial chain was seriously damaged, and orders for downstream and end products rose sharply. After the Spring Festival in 2022 , butanol and octanol rose sharply one after another, and octanol soared by 1850 yuan/ Ton, 2300 yuan/ton.
In 2022 , the rising cycle of butanol and octanol lasted for more than half a year. Octanol rose from the low point at the beginning of the year to a maximum of nearly 19,000 yuan per ton, and the cumulative increase was close to 10,000 yuan/ton, an increase of more than 100%. After the third quarter, the market began to decline step by step. In 2022, the annual average price of n -butanol in the domestic main port market was 12,710 yuan/ton, and octanol was 14,430 yuan/ton, which were respectively 106% and 93% higher than that in 2021. %above.
