According to the Commodity Market Analysis System of Business Society, as of May 14th, the average price of isobutanol for enterprises was 8125.00 yuan/ton, an increase of 1.56% compared to last Tuesday’s price and 2.20% compared to the beginning of the month.
Recently, the market price of isobutanol has steadily increased. From a cost perspective, after the holiday, the center of gravity of raw material propylene prices has shifted upwards, and the main reason for the fluctuation and increase of raw material isobutyraldehyde is that the cost support is still acceptable. From the perspective of supply and demand, the spot supply in the market is tight, supporting the mentality of enterprises to raise prices, and downstream buying is mainly based on demand. In addition, the related product n-butanol experienced an upward trend after the holiday, which boosted the isobutanol market and led to strong quotes from the industry. On May 14th, the mainstream ex factory price of isobutanol in the Shandong market was set at 8100 yuan/ton.
Cost side: Upstream propylene, supported by news and demand after the holiday, saw a slight increase in propylene prices. Upstream isobutyraldehyde, according to the commodity market analysis system of Business Society, the reference price of isobutyraldehyde on May 13th was 7825.00, an increase of 2.29% compared to May 1st (7650.00).
Related product n-butanol: According to the commodity market analysis system of Business Society, on May 13th, the reference price of n-butanol (industrial grade) was 8000.00, an increase of 2.13% compared to May 1st (7833.33). After the holiday, the overall n-butanol market in Shandong region showed an upward trend.
Future Market Forecast:
The isobutanol analyst from Business Society believes that current cost support still exists, and the supply side is showing a tight performance, which provides significant support to the market. In addition, the rising operation of related products, n-butanol, gives the market confidence in boosting prices, and market transactions are orderly. The demand side is slightly cautious about high priced raw materials, and the impact may be limited. It is expected that in the short term, the isobutanol market may continue to operate strongly, and more attention should be paid to market news guidance.
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