1、 Price trend
According to the commodity analysis system of the business agency, the domestic isobutyraldehyde market price fell sharply this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 9200.00 yuan/ton at the beginning of the week to 8533.33 yuan/ton at the end of the week, a decline of 7.25%. Weekend prices fell 47.65% year-on-year. On May 21, the isobutyraldehyde commodity index was 43.32, unchanged from yesterday, a decrease of 58.97% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 43.82% from the lowest point of 30.12 points on October 7, 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 significantly decreased this week, resulting in low inventory.
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 6870.60 yuan/ton at the beginning of the week to 6933.25 yuan/ton at the weekend, an increase of 0.91%. There is a downward trend in prices over the weekend, with a year-on-year decrease of 16.77%. The price of upstream raw material market rose slightly, with general cost support. Affected by the supply and demand side, the price of isobutyraldehyde was positively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, from 10766.67 yuan/ton at the beginning of the week to 10633.33 yuan/ton at the end of the week, down 1.24%. The market situation of neopentyl glycol has slightly declined, and downstream demand has weakened, which has a negative impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in late May may be mainly fluctuating and declining. The upstream propylene market is showing a downward trend, with insufficient cost support. The downstream market for neopentyl glycol has slightly declined, and downstream procurement enthusiasm has weakened. Some manufacturers have resumed production, resulting in an increase in isobutyraldehyde flux. 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.
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