1、 Price trend
| Thiourea |
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 8100.00 yuan/ton at the beginning of the week to 8233.33 yuan/ton at the weekend, an increase of 1.65%. Weekend prices increased by 14.88% year-on-year. On August 21, the isobutyraldehyde commodity index was 40.44, a decrease of 1.35 points from yesterday, a decrease of 61.70% from the highest point of 105.58 points in the cycle (2021-09-16), and an increase of 34.26% 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 slightly increased 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 6788.25 yuan/ton at the beginning of the week to 6813.25 yuan/ton at the weekend, an increase of 0.37%. Weekend prices fell by 3.09% 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, with the market price rising from 9666.67 yuan/ton at the beginning of the week to 9766.67 yuan/ton at the weekend, an increase of 1.03%. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in late August may be mainly fluctuating and rising. The upstream propylene market has slightly increased, with good cost support. The downstream neopentyl glycol market has slightly increased, 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.
| http://www.thiourea.net |