ICIS - chemical podcasts Episode 1326: China oxo-alcohols gain strong support from curtailed supply, demand to be watched
Apr 3, 2025
The podcast dives into the surge in China's oxo-alcohols prices, spurred by anticipated supply reductions amid an upcoming turnaround season. It highlights the growing domestic production capacity and the implications for market output. The discussion also addresses how multiple plant shutdowns in April are reshaping the market dynamics, revealing a delicate balance between supply constraints and sluggish demand from downstream industries. The future of pricing remains uncertain as the industry navigates these challenges.
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China's Rising Oxo-Alcohol Output
- China's oxo-alcohols domestic output will sharply increase in 2025 compared to 2024 levels.
- The lowest monthly output in 2025 will exceed the highest monthly output of 2024, indicating a substantial supply rise.
Weak Downstream Expansion Affects Prices
- There has been minimal downstream capacity expansion lately, with only one new butylacrylate plant.
- This limited downstream growth contributed to prices dropping to two-year lows in March.
Plant Turnarounds Support Prices
- Multiple plant turnarounds in April will sharply reduce domestic oxo-alcohol output.
- This supply reduction amid low inventories and prices could push prices up.