1、 Price trend
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It can be seen from the above figure that the domestic isobutyraldehyde market price rose slightly this week. The average price of domestic isobutyraldehyde in the mainstream market rose from 6733.33 yuan/ton at the end of last week to 7100.00 yuan/ton at the end of this week, up 5.45%. Compared with the same period last year, it fell 58.24% year-on-year. The isobutyraldehyde commodity index on January 15 was 36.04, which was the same as yesterday, down 65.86% from the cycle’s highest point of 105.58 (2021-09-16), and up 19.65% from the lowest point of 30.12 on October 7, 2022. (Note: the period refers to the period from September 1, 2021 to now)
2、 Market analysis
The prices of mainstream isobutyraldehyde manufacturers rose this week.
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde rose slightly this week, with the price rising from 7250.60 yuan/ton at the end of last week to 7330.60 yuan/ton at the end of this week, up 1.10%. The market price of upstream raw materials rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol is low, and the price is 9133.33 yuan/ton. The market price of neopentyl glycol is low, and the downstream demand is general, which has a negative impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde may rise slightly in the middle and late January. The upstream propylene market rose slightly, with good cost support. The market price of neopentyl glycol in the downstream market was low, and the enthusiasm of downstream procurement was general. The isobutyraldehyde analyst of the Business Club believes that the short-term isobutyraldehyde market may be mainly subject to a small fluctuation under the influence of supply and demand, raw materials and other aspects of the isobutyraldehyde market.
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