Chemical Updates

Asian Oxo Alcohols Weekly Commentary / 30-Jul-26-30Jul-2026/1131 am EST/1531 GMT / China's 2-EH operating rates drop to 61%: source / Cautious buying interest amid volatility / IBA, NBA firm on tight supply, higher feedstock cost

Jul 31, 2026

The oxo alcohols upstream market for propylene at $1,010/metric ton FOB South Korea and CFR China propylene was assessed at $1,050/mt on July 30, both up $60/mt week over week. 2-ETHYLHEXANOL Asian spot 2-EH prices held steady in the week to July 30 amid upstream volatility and uncertainty. Spot offers and discussions were stable to higher throughout the week as sources continued to cite high propylene costs amid supply tightness and geopolitical tensions. "Operating rates in China have fallen to 61% and this is a plus factor that could support higher prices as supplies tighten," said a South Korea-based producer. Meanwhile, downstream buying interest continued to lag as buyers took a cautious stance, deferring purchases or negotiating at lower levels. "Buyers are hesitant due to the Middle East uncertainty and...

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