Domestic isobutyraldehyde prices increased by 5.65% this week (7.31-8.6)

1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of isobutyraldehyde has slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 7666.67 yuan/ton at the beginning of the week to 8100.00 yuan/ton at the weekend, an increase of 5.65%. Weekend prices increased by 21.50% year-on-year. On August 6th, the isobutyraldehyde commodity index was 41.12, unchanged from yesterday, a decrease of 61.05% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 36.52% 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 slightly increased their quotations this week, resulting in low inventory.

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 6738.25 yuan/ton at the beginning of the week to 6645.75 yuan/ton at the weekend, a decrease of 1.37%. Weekend prices fell 7.45% year-on-year. The upstream raw material market prices have slightly declined, and cost support has weakened. Affected by the supply and demand side, it has a negative impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol has stabilized at a low level, with a market price of 9350.00 yuan/ton. The low level consolidation of the new pentanediol market and average downstream demand have a bearish impact on isobutyraldehyde.

3、 Future prospects

In mid August, the trend of isobutyraldehyde market may fluctuate and decline. The upstream propylene market has slightly declined, with insufficient cost support. The downstream neopentyl glycol market has stabilized at a low level, and downstream procurement enthusiasm is weak. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.