Domestic Isobutyraldehyde prices rose 0.51% this week (6.12-6.18)

1、 Price trend

According to the commodity analysis system of the business agency, the price of Isobutyraldehyde in the domestic market rose slightly this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market rose from 6566.67 yuan/ton at the beginning of the week to 6600.00 yuan/ton at the end of the week, up 0.51%. Over the weekend, prices fell 57.63% year-on-year. On June 18, the Isobutyraldehyde commodity index was 33.50, unchanged from yesterday, down 68.27% from the cycle’s highest point of 105.58 (2021-09-16), and up 11.22% 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 rose 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 rose slightly this week, with the price rising from 6180.75 yuan/ton at the beginning of the week to 6230.75 yuan/ton at the end of the week, up 0.81%. Weekend prices fell by 21.71% year-on-year. The price of upstream raw material market rose slightly, 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 fell slightly, from 9766.67 yuan/ton at the beginning of the week to 9666.67 yuan/ton at the end of the week, down 1.02%. Neopentyl glycol market declined slightly, and downstream demand was weak, which had a negative impact on Isobutyraldehyde.

3、 Future prospects

In late June, the market trend of Isobutyraldehyde may fluctuate and fall mainly. Although the upstream propylene market rose slightly and the cost support increased, the increase was small and the support was limited. 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.