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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Spot prices of oxo-alcohols were largely stable-to-firm in the second quarter of 2014 because of low supply in the market.
The supply in the China market was low because of turnarounds at Wison (Nanjing) Clean Energy, Luxi Petrochemical and Jiangsu Shanjun. This led a stable-to-firm price trend in China and encouraged some buyers to look at international-origin cargoes.
The price gap between import parity and spot offers narrowed from $150/tonne to $100/tonne in the second quarter, but this was still not workable for both buyers and sellers. Therefore, trade remained non-existent on a CFR China basis.
China remains self-sufficient in oxo-alcohols supply and producers there continue to export on an FOB (free on board) basis. Market sources said the trend will continue in the long term, if there are no major changes in domestic demand.
Traders in other northeast Asian countries still look towards yuan-denominated prices for direction.
The buy-sell gap for oxo-alcohols narrowed to less than $40/tonne in the second quarter as producers were willing to lower their selling indications to meet buying expectations. The turnaround at Nan Ya Plastics had little impact on the market because it had fewer spot cargoes for sale, given the stable-to-soft market situation.
A key price determinant of oxo-alcohols was feedstock propylene costs because demand for oxo-alcohols remained largely stable-to-soft on the back of weak derivative sectors such as butyl acetate (butac) and dioctyl phthalate (DOP).
Updated to Q2 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.