Oxo-alcohols Prices, markets & analysis
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Oxo-alcohols news and market information products from ICIS
We offer the following regional Oxo-alcohols coverage to keep you informed of factors and developments affecting prices in the Asia Oxo-alcohols marketplace.
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News & Analysis - News & market analysis specifically relating to Oxo-alcohols
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Oxo-alcohols spot prices were mixed in the third quarter. N-butanol prices, in particular, went on a sharp increase in August because buyers were keen to import cargoes. They hit a one-year high in mid-August, at an average of around $1,267.50/tonne CFR NE Asia.
Higher yuan-denominated prices were one of the key reasons for the firmer price trend in northeast Asia. Some buyers in China were keen to import oxo-alcohols because of the narrower gap between spot import offers and the import parity prices of domestic products. Market participants attributed the firmer domestic prices in China to lower plant operating rates resulting from the Youth Olympic Games and unexpected shutdowns at Tianjin Soda and Sichuan Petrochemical.
Supply of oxo-alcohols in northeast Asia was also low and this placed upward pressure on prices. This was because southeast Asia-based producers have largely refrained from offering there, given the better netbacks in southeast Asia.
However, the start-up of Luxi Chemical’s second oxo-alcohols facility weighed on the sentiment of some China-based buyers. Nonetheless, some spot buyers acknowledged that there is limited availability in the market and raised their buying indications, while others tried to maximise their term contracts instead.
Updated to Q3 2014
ICIS publishes a weekly report for the oxo-alcohols chain in Asia. It includes price assessments for regional products, such as normal butanol (NBA), isobutanol (IBA), 2 ethylhexanol (2-EH) and dioctyl phthalate (DOP).
Domestic external numbers from the key Chinese market are provided.
ICIS works closely with our colleagues to ensure the most in-depth coverage is made available to our subscribers.
We keep track of upstream propylene movements, plant turnarounds, production outages, new start-ups, expansion plans and downstream demand drivers to ensure that the supply and demand conditions are delivered clearly for customers to make key business decisions.
Information in the report is based on data collected from a wide range of contacts, this is then carefully analysed and delivered within the report to ensure that the information is timely, accurate and impartial. It is a crucial report and extremely useful to our customers.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Oxo-alcohols. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Oxo-alcohols, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.