1、 Price trend
According to the commodity analysis system of the business agency, the domestic market price of Isobutyraldehyde fell sharply this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market fell from 7166.67 yuan/ton at the beginning of the week to 6566.67 yuan/ton at the end of the week, a decrease of 8.37%. Weekend prices fell by 57.27% year-on-year. On June 11, the Isobutyraldehyde commodity index was 33.33, unchanged from yesterday, down 68.43% from the cycle’s highest point of 105.58 (2021-09-16), and up 10.66% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
From the supply side, the quotation of Isobutyraldehyde mainstream manufacturers fell slightly this week, and the inventory was low.
From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of Isobutyraldehyde fell slightly this week, with the price falling from 6270.75 yuan/ton at the beginning of the week to 6255.75 yuan/ton at the end of the week, down 0.24%. A year-on-year decrease of 21.12%. 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 10200.00 yuan/ton at the end of last week to 9800.00 yuan/ton at the end of last week, a decrease of 3.92%. Neopentyl glycol market declined slightly, and downstream demand was weak, which had a negative impact on Isobutyraldehyde.
3、 Future prospects
The market trend of Isobutyraldehyde in the middle and late June may fluctuate and fall mainly. The upstream propylene market has slightly declined, with insufficient cost support. The downstream Neopentyl glycol market declined slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts from the business agency believe that the short-term Isobutyraldehyde market may suffer a slight shock and decline, mainly due to the impact of supply and demand, raw materials and other aspects of the Isobutyraldehyde market.
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