1、 Price trend
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According to the Commodity Analysis System of Business Society, the domestic market price of isobutyraldehyde slightly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 8300.00 yuan/ton at the beginning of the week to 7933.33 yuan/ton at the weekend, a decrease of 4.42%, and the weekend price decreased by 16.10% year-on-year. On November 7th, the isobutyraldehyde commodity index was 39.26, a decrease of 0.33 points from yesterday, a decrease of 62.81% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 30.35% 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, the prices of mainstream manufacturers of isobutyraldehyde have slightly decreased 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 7100.75 yuan/ton at the beginning of the week to 6958.25 yuan/ton at the weekend, a decrease of 2.01%, and a year-on-year decrease of 0.60% at the weekend. The upstream raw material market prices have slightly declined, with insufficient cost support. 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 slightly declined, dropping from 10600.00 yuan/ton at the beginning of the week to 10525.00 yuan/ton at the weekend, a decrease of 0.71%, and the weekend price has increased by 8.88% year-on-year. The market situation of neopentyl glycol has slightly declined, and downstream demand has weakened, which has a negative impact on isobutyraldehyde.
3、 Future prospects
In mid November, the trend of isobutyraldehyde market may fluctuate and decline. The downstream market for neopentyl glycol has slightly declined, and downstream procurement enthusiasm has weakened. The upstream propylene market has slightly declined, with insufficient cost support. Yishang Society’s isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience a slight fluctuation and decline due to various factors such as supply and demand and raw materials.
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