1、 Price trend
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It can be seen from the above figure that the domestic isobutyraldehyde market price fell first and then rose this week. This week, the average price of domestic isobutyraldehyde in the mainstream market fell from 7300 yuan/ton at the end of last week to 7100.00 yuan/ton on March 8, down 2.74%. Then it rose to 7266.67 yuan/ton at the end of the week, up 2.35%. Overall, the price of isobutyraldehyde fell 0.46% this week. Compared with the same period last year, it fell 48.58% year-on-year. The isobutyraldehyde commodity index on March 12 was 36.89, which was the same as yesterday, down 65.06% from the cycle’s highest point of 105.58 (2021-09-16), and up 22.48% from the lowest point of 30.12 on October 7, 2022. (Note: the period refers to the period from September 1, 2021 to now)
2、 Market analysis
The quotations of mainstream isobutyraldehyde manufacturers rose and fell each other this week.
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde fell first and then rose this week. The price fell from 7516.60 yuan/ton on March 4 to 7334.60 yuan/ton on March 7, a decrease of 2.42%, and then rose to 7464.60 yuan/ton on March 10, an increase of 1.77%. On the whole, the propylene price fell by 0.69% this week. The year-on-year decline was 18.60%. The market price of upstream raw materials fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, from 11200.00 yuan/ton at the end of last week to 10866.67 yuan/ton at the end of this week, down 2.98%. The market price of neopentyl glycol fell slightly, and the downstream demand weakened, which had a negative impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in the middle and late March may be mainly volatile. The upstream propylene market fell slightly over the weekend, with insufficient cost support. The market of neopentyl glycol in the downstream has a downward trend, and the purchasing enthusiasm in the downstream is general. The isobutyraldehyde analyst of the Business Club believes that the short-term isobutyraldehyde market may suffer from small fluctuations and falls under the influence of supply and demand, raw materials and other factors.
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