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 Q2 2019
Supply for 2-ethylhexanol (2-EH) and n-butanol (NBA) was generally stable in Asia. There was talk of Chinese-origin cargoes being available as domestic prices and demand in China fell. Some Chinese producers cut rates and at least one switched from 2-EH to NBA. Others took advantage of a weaker Chinese currency to try exporting to neighbouring countries, which put some pressure on the spot markets.
Demand for 2-EH was generally stable for the first two months of the quarter, but dipped around June as downstream dioctyl phthalate (DOP) producers decided to cut rates to reduce the impact of negative margins. Many were running at around 70% and that had a significant negative impact on demand and spot prices. Demand for NBA was sluggish for most of the quarter and the situation worsened towards its end.
Availability of all the oxo-alcohols – n-butanol (NBA), isobutanol (IBA) and 2-ethyl hexanol (2-EH) – was balanced during the second quarter. All European units were running to plan and the only scheduled maintenance commenced in mid-June for Grupa Azoty Zak in Poland for one month. Any other work that was carried out was considered insignificant and only lasting a few days, hence no official announcements were made.
Demand was reasonable for many, but not as strong as the same period in 2018. Consumption traditionally peaks in the second quarter, but global uncertainties, including Brexit and the US-China trade war, hampered customer confidence. The automotive industry has been particularly hard hit, but some areas of the construction industry were said to be fairly healthy.
Supply of US oxo-alcohols was balanced to ample during much of the second quarter, despite lingering logistics stress stemming from a late first-quarter Intercontinental Terminals Company (ITC) fire and two May-June turnarounds that prompted short-term oxo-alcohols sales controls by a third producer. Supply outpaced demand as downstream architectural and automobile coatings continued to slump on economic and weather-related headwinds.
Demand during the second quarter marginally improved for some market participants, but remained mostly tepid amid ongoing weather-related and economic headwinds that diminished usually strong seasonal demand for downstream architectural, industrial and automotive coatings, as well as plasticizers. Those markets remained mostly sluggish as volumes broadly failed to reach seasonal peaks expected during the second-quarter spring paint and coatings season. Two oxo-alcohols turnarounds in May-June had little effect on demand.
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.
News & analysis
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Information covered in our price reports includes:
Information is accessed online, via the ICIS dashboard service and is configurable to suit your preferences.
Produced by the ICIS Consulting team, these reports give a robust rolling 12-month price forecast, trade balances and in-depth analysis into where markets are heading – providing a valuable tool to support your short- to medium-term plans.
ICIS pricing intelligence is delivered to you online via the ICIS dashboard. Here you can view your reports and also access other useful services including related news, analysis, historical data and market alerts.
ICIS dashboard also makes it easy for you to create pricing charts, download price history and export data to create tailored analytical models.
ICIS weekly margin reports deliver the detail you need to understand how production costs and prices are affecting margins, enabling you to judge the likely impact on your business and optimise your upstream and downstream business decisions.
The Supply and Demand Window on the ICIS Dashboard provides a snapshot view of historical and forecast information for supply and demand, production capacity and trade flows – a key tool to help safeguard future investments within the chemicals market.
24-hour global coverage of breaking news in the petrochemical industry, including updates on production, shutdowns and key transacted deals, keeping you informed of market developments as they happen. The ICIS news service allows you to customise the market alerts delivered to your email inbox, providing the business-critical information you need straightaway.
An expert view of supply and demand comprising four fully-reconciled databases, giving you access to extensive data for more than 100 markets. Information is included on global and regional trade flows, production, capacity and sources of demand in the short-, medium- and long-term. Data can be downloaded, customised and queried to support your planning requirements and your strategic decisions.
ICIS provides specialist training courses across the global petrochemicals, base oils and fertilizers industries. Our training team of industry experts can help you increase your knowledge of the industry and gain the insight and know-how needed to operate and trade effectively.
Find out more about ICIS training courses >>
ICIS produces a series of highly informative and timely conferences. Extensive research is carried out to ensure that each programme delivers the information you need and addresses current industry issues. We source speakers who have the appropriate expertise and experience to deliver excellent quality papers.
Find out more about ICIS conferences >>
Working closely with you to understand your strategies, challenges and ambitions, the ICIS consulting team deliver tailored advice and solutions to suit your unique requirements. With many years’ experience of guiding business leadership teams, we show you how market conditions can make a positive or negative impact on your long-term plans.
ICIS expert consultants can provide your organisation with the insight, intelligence and data needed to build and grow your business in China. We can help you to gain a clear view on the short and long-term supply and demand picture in the chemicals, energy, iron and steel, non-ferrous metals and paper and pulp markets in China.
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.
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.
MOSCOW (MRC)--Imports of suspension polyvinyl chloride (SPVC) into Ukraine fell by 33% in January-September, year on year, to 35,500 tonnes, according to an MRC’s DataScope report. Ukraine’s PVC...Read
LONDON (ICIS)--US private equity fund The Carlyle Group has completed the acquisition of 37% of Cepsa, appointing Phillippe Boisseau as CEO of the Spanish energy and petrochemicals major. The...Read
LONDON (ICIS)--Petrochemical and plastics producers are heading for a tough few quarters as the cycle downturn combines with the weakened economic outlook. Market sentiment at the European...Read