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 Q3 2019
Supply for 2-ethylhexanol (2-EH) was stable for most parts in the east Asian import markets, but buyers stayed away. N-butanol (NBA) supply was stable, but the market tightened in end-August to early September after Petronas Chemicals started its plant turnaround. Formosa Plastics Corp (FPC) unexpectedly brought forward its annual regular maintenance work, which gave the market a boost. Supply in China was generally ample, especially for 2-EH.
Demand for 2-ethylhexanol (2-EH) was generally stable for much of the quarter, with downstream dioctyl phthalate (DOP) producers running at lower rates for prolonged periods. Run rates were initially expected to increase after the seasonal summer lull period, but that failed to materialise, which impacted 2-EH margins. Some 2-EH producers in China also tweaked their run rates on persistently firm feedstock propylene prices. N-butanol (NBA) demand was stable to slight weak in Q3.
Availability of n-butanol (NBA), iso-butanol (IBA) and 2-ethyl hexanol (2-EH) have been balanced-to-long during the third quarter. European units have been running to plan and the only scheduled maintenance commenced mid-June to mid-July for Grupa Azoty ZAK in Poland. There was at least one major producer that had cut operating rates during the peak summer period in order to manage inventories. Some reduced export opportunities also saw 2-EH stocks increase.
Demand was hit by the traditional summer slow down during end-July and August, but additional concerns rose from the macroeconomic climate and uncertainties, including Brexit and the US-China trade war. This resulted in some change to buying patterns within Europe. The typical demand pick-up for September was not as strong as many would have hoped. While some export business was seen for NBA, 2-EH interest was low compared to the first half of the year.
Supply of US oxo-alcohols largely outpaced demand during much of the third quarter of 2019. There was a small uptick in buying interest at the outset of the period. The 2019 hurricane season continues through November, but it has not been highly interruptive to domestic oxo-alcohols production, so far. Pricing was mostly stable to weaker during the quarter, tracking upstream propylene. Oxo-alcohols are used as intermediates in the production of paint, coatings, adhesives and plasticizers,
Overall oxo-alcohols demand diminished during the waning days of a delayed and below-average downstream architectural and automobile coatings season. Buying interest continued to weaken during the third quarter on economic and weather-related headwinds that opened 2019, which helped keep demand soft, and have stretched inventories throughout the oxo-alcohols markets. Volumes continued to lag year-ago volumes. Hurricane Dorian devastated the Bahamas, but the season has not yet been highly interruptive to domestic production.
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.
Analytics tools for MPG include:
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.
MEXICO CITY (ICIS)--Mexico may have less hydro power at its disposal in the coming year to keep power prices from rising, based on insufficient rainfall to keep the dams at the needed capacity. One...Read
HOUSTON (ICIS)--US Olin will close a chlor-alkali facility and accompanying vinylidene chloride (VDC) facility in Freeport, Texas, by the end of 2020, the company announced on Wednesday. The...Read
MOSCOW (MRC)--Exports of suspension polyvinyl chloride (SPVC) into Russia increased by 22% year on year from January to November, while imports rose by 230%, according to MRC’s DataScope report....Read