ICIS - chemical podcasts
Episode 1146: PODCAST: Oxo-alcohols and derivatives - March 2024
Mar 19, 2024
Editors Nicole Simpson, Mathew Jolin-Beech, Marion Boakye, and Cameron Birch discuss the tight supply chains in the oxo-alcohols and derivatives markets. They cover challenges with production, force majeure declarations, rising spot prices in the butyl acetate market, limited availability of butanol derivatives in Europe, and supply challenges in the Esther markets.
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Quick takeaways
- Supply constraints in the oxo-alcohols market are creating challenges due to force majeure declarations, leading to material scarcity.
- The butyl acetate market faces major supply concerns, with doubled spot prices and limited trading, prompting consideration of Asian inputs.
Deep dives
Challenges in the Oxford Alcohols Market
Supply constraints in the Oxford Alcohols market are causing significant challenges, exacerbated by OQ Chemicals declaring force majeure on all three grades of Oxford Alcohols in early March. Tight supply and limited run rates from producers have led to a scarcity of material, especially in NBA, with virtually no trading happening. Propylene market issues further compound the challenge, with concerns about securing enough propylene for upcoming months. Despite stable demand, the market is facing a shortage of material, making it difficult for buyers to find enough spot volumes.
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