According to the Commodity Analysis System of Business Society, the market price of isobutyraldehyde fluctuated and increased in September. The market price of isobutyraldehyde increased from 8233.33 yuan/ton at the beginning of the month to 9000.00 yuan/ton at the end of the month, an increase of 9.31%, and the price at the end of the month increased by 45.95% year-on-year. On September 27th, the isobutyraldehyde commodity index was 45.35, unchanged from yesterday, a decrease of 57.05% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 50.56% 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)
Upstream support is good, while downstream demand increases
From a cost perspective, the upstream propylene market for isobutyraldehyde fluctuated and rose in September. The price of propylene increased from 7113.25 yuan/ton at the beginning of the month to 7285.75 yuan/ton at the end of the month, an increase of 2.43%. The price at the end of the month decreased by 4.27% year-on-year. The rising cost support is good, which has a positive impact on the price of isobutyraldehyde.
From the demand side, the downstream market for neopentyl glycol saw a significant increase in September. The market price of neopentyl glycol has increased from 9733.33 yuan/ton at the beginning of the month to 10450.00 yuan/ton at the end of the month, an increase of 7.36%. At the end of the month, prices increased by 3.81% year-on-year. The downstream market has significantly increased, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde.
Small fluctuations and gains in the future market
In mid to early October, the domestic isobutyraldehyde market may experience slight fluctuations and gains. The upstream propylene market has slightly increased, with good cost support. The market situation of downstream neopentyl glycol has significantly increased, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde. Under the contradiction between supply and demand, the product trend is upward. Business Society isobutyraldehyde analysts believe that in the short term, the domestic isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.
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