Recent domestic isobutyraldehyde price trend
As can be seen from the figure above, the market price of isobutyraldehyde dropped in November, from 6600.00 yuan/ton at the beginning of the month to 6233.33 yuan/ton at the end of the month, a drop of 5.56%.
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On November 29, the isobutyraldehyde commodity index was 31.64, unchanged from yesterday, down 70.03% from the cycle’s highest point of 105.58 (2021-09-16), and up 5.05% from the lowest point of 30.12 on October 7, 2022. (Note: the cycle refers to 2021-09-01 to now). From the weekly chart of isobutyraldehyde, isobutyraldehyde fell overall in October, with the largest weekly drop of 3.47%.
From the manufacturer’s quotation, the price of domestic mainstream isobutyraldehyde manufacturers fell slightly in November, and the manufacturer’s inventory was average.
The upstream support is weakened, and the downstream demand is general
From the perspective of the upstream and downstream industrial chain of isobutyraldehyde, the upstream propylene market of isobutyraldehyde rose slightly in November. The price of propylene rose from 7036.60 yuan/ton at the beginning of the month to 7650.60 yuan/ton at the end of the month, an increase of 8.73%. Compared with the same period last year, it rose 0.39% year on year. The increase of upstream cost support has a positive impact on the price of isobutyraldehyde.
The market of neopentyl glycol in the downstream fell sharply in November. The price of neopentyl glycol dropped from 10066.67 yuan/ton at the beginning of the month to 8966.67 yuan/ton at the end of the month, a drop of 10.93%. Downstream market fell sharply, and downstream manufacturers’ purchasing enthusiasm for isobutyraldehyde weakened.
The market fell slightly after shocks
In the first ten days of December, the domestic isobutyraldehyde market may slightly fluctuate and decline. Although the upstream propylene price rose slightly, the cost support was good. However, the market of neopentyl glycol in the downstream fell sharply, and the downstream factories were not enthusiastic about purchasing isobutyraldehyde. The product trend fell due to the contradiction between supply and demand. The isobutyraldehyde analysts from the business community believe that the domestic isobutyraldehyde market may suffer a slight shock and decline in the short term under the influence of supply and demand, raw materials and other aspects.
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