Oxo-alcohols Prices, markets & analysis
If you buy or sell Oxo-alcohols or related products, you need up-to-date global pricing data and the background information to help you understand it.
Our network of price reporters across Asia, Europe and the US enables us to deliver this. We publish their insights in our comprehensive daily and weekly price reports, plus we offer the news and analysis you need to put pricing information into context.
Oxo-alcohols are products that are derived from olefins, primarily propylene. Products like butanol (NBA) and iso-butanol (IBA) and 2-ethyl hexanol (2EH) are used as solvents and plasticisers.
They are pre-cursors of products that are used in the paints and coating industries as well as the manufacture of flexible polyvinyl chloride (PVC).
Key drivers for the oxo-alcohols market are construction industry, whether it be home construction or commercial construction industry, appliance industry and the automotive products industry; industry categories that need permeable coating material.
The market currently is recovering form recession and people are anticipating that the market for oxo-alcohols will continue to grow for the next several years as various industries continue to recover from the downturn.
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Oxo-alcohols news and market information products from ICIS
We offer the following regional Oxo-alcohols analysis and news coverage to keep you informed of factors and developments affecting prices in the Oxo-alcohols marketplace.
Price Reporting – More information about the price reports we publish on Oxo-alcohols
Independent price assessments and market coverage by region
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Oxo-alcohols: Market overview
In Asia, oxo-alcohols producers in the region continue to face squeezed margins because of cost pressure coming from firm feedstock propylene prices.
Supply of oxo-alcohols remains ample because of new oxo-alcohols capacities coming on-stream from the fourth quarter of 2013.
For the first quarter of 2014, demand will likely to remain slow as end-users in key China markets will maintain low inventories because of the Chinese Lunar New Year holiday.
In Europe, availability of cargoes in the last few months of 2013 was fairly good, and this is likely to remain the case during the first quarter of 2014. The main driver for prices is the monthly propylene contract, with changes generally being passed onto oxo-alcohols consumers.
Major oxo-alcohol producers in the US have proposed price increases for January due to rising propylene costs. Though buyers have been sceptical of these increases, some forward momentum on pricing is expected during the first quarter.
Producers Oxea and BASF are planning to go into turnaround during the first quarter of 2014, which could affect on regional prices due to supply disruptions.
Updated to mid-Jan 2014
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Oxo Alcohols Methodology
The oxo-alcohols chain consists of n-butanol (NBA), isobutanol (IBA), and 2-ethylhexanol (2-EH). Around 50% of 2-EH is used to make plasticisers, mainly dioctyl phthalate (DOP).
DOP is a plasticiser, which is material used for plastic, typically polyvinyl chloride (PVC) to enhance its flexibility and malleability. Di-isononyl phthalate (DINP) is also a plasticiser.
NBA is a feedstock for butyl acrylate and methacrylate, butanol-based glycol ethers, butyl acetate (butac), and some plasticisers. IBA is used as a solvent for nitrocellulose, in hydraulic fluids, and as a resin modifier.
Key drivers for oxo-alcohols are the construction industry (home and commercial), the appliance industry, the automotive industry and industries that need imperial coating material.
In addition, the alcohols NBA, IBA, and 2-EH have some uses just as solvents.
Health risks include irritation to the eyes, skin and respiratory tracks when inhaled.
In Europe DOP has been re-labelled to a higher-risk category, featuring the skull and crossbones on packaging and machinery where it is used. DINP remains in the category below but is under investigation.