Podcast: China oxo-alcohols output to hit record high on new capacities

SINGAPORE (ICIS)–China’s oxo-alcohols market will face a supply glut in the face of intensive new plant start-ups and tepid downstream demand.

Net import volumes may plunge in the short term because of overseas plant turnarounds and rising domestic supply, whether this can sustain depends on overseas plant operations and import arbitrage opportunities.

• New oxo-alcohols capacities hit 1.3 million tonnes/year in July-Oct 2024
• Oxo-alcohols supply to rise steadily in short term on few maintenance outages
• Oxo-alcohols net imports to decline on overseas plant turnarounds, rising domestic output