Prior to 2013 , octanol has been the market ‘s “Beloved” , are profiteering products. But last year, the octanol historic turning point occurred in the market , manufacturers limited production price , the loss of profit margins , prices plummeted and other words become describes the most commonly used words in octanol market . Octanol Why this former market darling Outcast ?
Productivity spurt release is the culprit. Statistics show that last year, an increase of octanol capacity synchronous 70%. As Luxi Group , Jiangsu Hui hygiene newly rebuilt Oxo device mass production , the traditional manufacturers and stable , steady sales, lucrative historical pattern suddenly be rewritten. Additionally, the influx of foreign products , domestic and foreign markets battle is heating up . Especially in the second half , the situation of price competition within the industry appears more than once , and some device into a loss , there has not the busy season , off-season lighter horrors, manufacturers were forced to take such measures as limited production price . 2013 became the most sad reminder of the octanol year history . However, this situation has not improved this year, signs of how the country will continue to set the device is about to be launched Oxo alcohol , octanol yield a further new level , initially expected the figure at 200 million tons , an increase of more than 30 %. Led to an unprecedented increase in market supply pressure , in 2013 the annual industry operating at about 70% , this year is expected to continue to deteriorate , the profits of manufacturers will continue to decline sharply , the industry entered the era of meager profit across the board .
Lack of demand is an important curse . Currently, the downstream product has entered a state of excess capacity , the demand for octanol can not keep its rapid expansion pace. Octanol nearly 90% of domestic demand for plasticizers downstream areas . But now, the mainstream phthalates plasticizers domestic product . One of the main downstream octyl phthalate (DOP) industry , has already entered a state of overcapacity . Meanwhile, due to the impact of RMB appreciation and macroeconomic aspects , soft PVC plasticizers terminal products export growth continuous fall. And abroad containing phthalates plasticizers for plastics become more stringent restrictions , so its sales situation is even more grim. Currently , under the meager profits , DOP and octanol tightness deepened , and the downstream market trends affecting the intensity of the octanol reverse gradually increased , so the gain or loss on the edges struggling DOP market or will become raw octanol drag.
In addition , from a macroeconomic perspective, into 2014 , the market trend was subdued than expected , the terminal needs to gradually affect poor chemical products, downstream producers started slow recovery this year , and the main chemical products are significant weakness . China HSBC manufacturing PMI in February for the seven -month low , dragged down commodity and stock market trends in Europe and Japan ; U.S. initial data slightly below market expectations. Based on current domestic capital side continue to tighten , and the poor performance of basic chemical products , chemical products, the market will continue to remain weak stalemate .
In summary, the gradual loss of the traditional advantages of the octanol industry in the growing overcapacity exacerbated the situation, industry or enter a long period of adjustment, converting to reproduce past glory .(http://www.lubonchem.com supply)
