Domestic isobutyraldehyde prices increased by 0.22% this week (4.17-4.23)

1、 Price trend

According to the commodity analysis system of the business agency, the domestic isobutyraldehyde market price rose slightly this week. The average price of domestic isobutyraldehyde mainstream market this week rose from 7700.00 yuan/ton at the beginning of the week to 7716.67 yuan/ton at the end of the week, up 0.22%. Weekend prices decreased by 46.90% year-on-year compared to the same period last year. On April 23, the isobutyraldehyde commodity index was 39.17, an increase of 0.08 points compared to yesterday, a decrease of 62.90% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 30.05% 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, mainstream manufacturers of isobutyraldehyde have slightly increased their quotations this week, resulting in low inventory.

From the perspective of the upstream and downstream industry chains, the upstream raw material market for isobutyraldehyde saw a slight decline in the propylene market this week, with prices dropping from 7390.60 yuan/ton at the beginning of the week to 7070.60 yuan/ton at the weekend, a decrease of 4.33%. Weekend prices have decreased by 16.04% compared to the same period last year. The price of upstream raw material market 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 10600.00 yuan/ton at the beginning of the week to 10400.00 yuan/ton at the end of the week, down 1.89%. 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 April may be mainly fluctuating and declining. The upstream propylene market has slightly declined, with insufficient cost support. The downstream market for neopentyl glycol has slightly declined, and downstream procurement enthusiasm has weakened. 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.