The reliable and trustworthy ICIS Oxo-alcohols report is covered weekly in Asia, China, Europe and the US. All four regions have price assessments gathered by our locally-based reporters that focus on market movements on n-butanol, iso-butanol, 2-ethylhexanol and dioctyl phthalate.
Europe also has a spot quote for diisononyl phthalate (DINP). The commentary gives additional background information on the factors influencing prices, such as demand and supply, import/export data, graphs and feedstock movements. This invaluable tool can be used to support you in making those crucial commercial decisions.
Updated to Q4 2018
The market could see some signs of oversupply in the fourth quarter with major turnaround plans concluded for the year. CSPC started in late August in Guangdong. Hua Chang in Jiangsu and Yan Chang in Shanxi are both expected to add new capacities into the system in the fourth quarter.
Demand for oxo alcohols are not expected to change much in the fourth quarter. The plasticizers segment is expected to provide some support in October before slowing down as the year comes to a close. N-butanol’s (NBA)’s downstream units in China are also not expected to have additional demand in Q4.
Supply is expected to remain balanced to snug through in Q4 for European oxo-alcohols. BASF and Perstorp are due to resume production early October following planned maintenance. INEOS is carrying out a 60-day cracker maintenance so a restriction in feedstock supply of propylene is expected, with reduced output likely at the oxos unit for a fortnight in November.
October and November can continue to reflect a good level of demand. There are no significant reports of strong growth, but a normal buying pattern is seen by most. At this time of year, demand typically tails off in consumption at year end as customer’s run down stocks at year end.
US oxo-alcohols supply will see balanced to slightly lengthening supply during the fourth quarter when inventories typically increase amid weakening demand. But some pent-up demand may keep supply in balance with buying interest. Production was not adversely affected by Hurricane Florence, which fostered widespread flooding along the eastern US coast.
The US oxo-alcohols markets will continue to see softening demand as the fourth quarter gets underway, but buying interest will continue to outpace year-ago levels. Wildfires in the first half of 2018 and flooding damage from Hurricane Florence will likely heighten demand early next year.
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.
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The alcohols (NBA, IBA, and 2-EH) have some uses just as solvents, but are primarily used as feedstocks for other products.
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.
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