1、 Price trend
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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 9000.00 yuan/ton at the beginning of the week to 9133.33 yuan/ton at the weekend, an increase of 1.48%. Weekend prices increased by 22.32% year-on-year. On September 18th, the isobutyraldehyde commodity index was 45.52, a decrease of 0.84 points from yesterday, a decrease of 56.89% from the cycle’s highest point of 105.58 points (2021-09-16), and a 51.13% increase from the lowest point of 30.12 points on October 07, 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.
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From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly increased this week, with prices rising from 7175.75 yuan/ton at the beginning of the week to 7338.25 yuan/ton at the weekend, an increase of 2.26%. The weekend prices fell by 1.30% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol has slightly increased, rising from 10133.33 yuan/ton at the beginning of the week to 10425.00 yuan/ton at the weekend, an increase of 2.88%. The weekend price has increased by 1.21% year-on-year. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.
3、 Future prospects
In late September, the trend of isobutyraldehyde market may fluctuate and rise mainly. The upstream propylene market has slightly increased, with good cost support. The downstream neopentyl glycol market continues to rise, and downstream procurement enthusiasm has increased. 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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