1、 Price trend
According to the Commodity Analysis System of Business Society, the average price of isobutyraldehyde in the mainstream domestic market increased from 8466.67 yuan/ton at the beginning of the week to 8566.67 yuan/ton at the weekend, an increase of 1.18%, and the weekend price increased by 12.23% year-on-year. Some upstream propylene manufacturers have shut down for maintenance, resulting in reduced market circulation. Manufacturers have raised their prices, increased cost support, and a slight increase in the isobutyraldehyde market.
2、 Market analysis
From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen a slight increase in their quotations this week, resulting in low inventory.
The propylene market has slightly increased this week, with prices rising from 6733.25 yuan/ton at the beginning of the week to 6863.25 yuan/ton over the weekend, an increase of 1.93%, and a year-on-year decrease of 9.22% over the weekend. Part of the propylene plants in Shandong region have shut down, and with a favorable supply side, the market atmosphere has improved. Downstream players have actively entered the market, and on-site inventory has decreased to a low level. The focus of the propylene market continues to shift upwards.
From the perspective of downstream demand, the market price of new pentanediol has slightly increased, with the market price rising from 9875 yuan/ton at the beginning of the week to 9950 yuan/ton at the weekend, a decrease of 0.76. The weekend price has increased by 4.01% year-on-year. The market situation of neopentyl glycol has slightly increased, with enterprises operating at a high level and downstream demand being good, which has a positive impact on isobutyraldehyde.
3、 Future prospects
In late January, the trend of isobutyraldehyde market may fluctuate and rise. The upstream propylene market has strong upward momentum and good cost support, while the downstream new pentanediol market has slightly increased. Enterprises are operating at a high level, and downstream procurement enthusiasm is good. Business Society’s isobutyraldehyde analyst believes that in the short term, the isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.
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