1、 Price trend
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According to the Commodity Analysis System of Business Society, the domestic market price of isobutyraldehyde slightly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 7800.00 yuan/ton at the beginning of the week to 7500.00 yuan/ton at the weekend, a decrease of 3.85%, and the weekend price increased by 15.38% year-on-year. On November 13th, the isobutyraldehyde commodity index was 37.99, a decrease of 0.08 points from yesterday, a decrease of 64.02% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 26.13% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
From the supply side perspective, the prices of mainstream manufacturers of isobutyraldehyde have slightly decreased this week, resulting in low inventory.
From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde rose first and then fell this week. The price increased from 7090.75 yuan/ton at the beginning of the week to 7270.75 yuan/ton at the weekend, an increase of 2.54%, and the weekend price decreased by 0.82% year-on-year. The upstream raw material market prices have slightly increased, 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 has slightly declined, dropping from 10525.00 yuan/ton at the beginning of the week to 10375.00 yuan/ton at the weekend, a decrease of 1.43%, and the weekend price has increased by 7.33% year-on-year. 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 mid to late November may be mainly fluctuating and declining. The downstream market for neopentyl glycol has slightly declined, and downstream procurement enthusiasm has weakened. The upstream propylene market has shown a downward trend over the weekend, with insufficient cost support. 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.
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