The price of isobutyraldehyde first fell and then rose

The price of isobutyraldehyde first fell and then rose

According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the domestic quotation for isobutyraldehyde was 8050 yuan/ton, which decreased first and then increased compared to May 7th’s isobutyraldehyde price of 7975 yuan/ton, with an increase of 0.94%; The price of isobutyraldehyde has increased by 2.88% compared to 7825 yuan/ton on May 11th; Compared to May 1st, the price of isobutyraldehyde increased by 5.23% to 7650 yuan/ton. After the holiday, the price of isobutyraldehyde rose sharply, but downstream demand support was limited, and the price of isobutyraldehyde fell from a high level. However, as the price of isobutyraldehyde fell, manufacturers’ willingness to ship decreased, the supply of isobutyraldehyde tightened, and the price of isobutyraldehyde rebounded and rose.

High consolidation of raw material propylene prices

According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the price of propylene was quoted at 6818.60 yuan/ton, an increase of 0.65% compared to the volatile price of 6774.60 yuan/ton on May 7th; Compared to the quotation of 6800.60 yuan/ton on May 1st, it has slightly increased by 0.26%. Downstream, under cost pressure, procurement is cautious and the enthusiasm for entering the market is not high. Propylene enterprises generally sell their goods, and propylene prices remain stable at high levels. Cost support is strong, and the rise in isobutyraldehyde is strongly supported.

Downstream benefits

According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the price of new pentanediol was quoted at 10100 yuan/ton, an increase of 1.34% compared to the price of 9966.67 yuan/ton quoted on May 6th. After the holiday, some companies offering new pentanediol have seen an increase in their prices. The support for the increase in new pentanediol has increased, and the new pentanediol market is operating stronger. The upward momentum for isobutyraldehyde has also increased.

Market Overview and Forecast

Business Society’s isobutyraldehyde industry analyst believes that in terms of cost, the high price of raw material propylene has stabilized, and the support for the rising cost of isobutyraldehyde still exists; In terms of supply and demand, the price of isobutyraldehyde first fell and then rose. The supply of isobutyraldehyde tightened, and the price of neopentyl glycol increased, providing strong support for the demand for isobutyraldehyde. In the future, cost support, tight supply and stable demand, and isobutyraldehyde enterprises have a strong willingness to raise prices. It is expected that isobutyraldehyde prices will fluctuate and rise in the future.