1、 Price trend
According to the commodity analysis system of the business agency, the domestic isobutyraldehyde market price rose sharply this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 7433.33 yuan/ton at the beginning of the week to 9516.67 yuan/ton at the end of the week, up 28.03%. Weekend prices fell by 37.25% year-on-year. On May 8th, the isobutyraldehyde commodity index was 52.79, an increase of 4.48 points from yesterday, a decrease of 50.00% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 75.27% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen a significant increase in their quotations this week, resulting in low inventory. Some manufacturers have shut down for maintenance, resulting in tight supply.
From the perspective of the upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly declined this week, with prices dropping from 7052.60 yuan/ton at the beginning of the week to 6962.60 yuan/ton at the weekend, a decrease of 1.28%. Weekend prices fell by 20.89% year-on-year. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, and the market price rose from 10266.67 yuan/ton at the beginning of the week to 10766.67 yuan/ton at the end of the week, up 4.87%. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in mid to early May may be mainly fluctuating and rising. The upstream propylene market has slightly declined, with insufficient cost support. The downstream market for neopentyl glycol has slightly increased, and downstream procurement enthusiasm has increased. Some manufacturers have shut down for maintenance, resulting in a tight circulation of isobutyraldehyde. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.
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