The price of isobutyraldehyde increased significantly in March

According to the Commodity Market Analysis System of Shengyi Society, as of March 9th, the domestic price of isobutyraldehyde was 7533.33 yuan/ton, a significant increase of 17.10% compared to the price of 6433.33 yuan/ton on March 1st. In March, the equipment production of isobutyraldehyde enterprises slightly increased, with a stable operating rate of around 87%. The downstream neopentyl glycol market saw a significant rise, leading to an increase in demand for isobutyraldehyde. The price of raw material propylene also surged, supported by rising costs and demand. As a result, isobutyraldehyde prices rose sharply in March.
Isobutyraldehyde manufacturer starts production with slight increase
Overall, the operating rate of isobutyraldehyde manufacturers has slightly increased, with a stable operating rate of around 87% in March. The production of isobutyraldehyde is sufficient, and the support for the rise of isobutyraldehyde still exists.
The price of raw material propylene has risen sharply
According to the Commodity Market Analysis System of Shengyi Society, as of March 9th, the price of propylene was 9701 yuan/ton, a significant increase of 17.10% compared to the price of 6411 yuan/ton on March 1st. The propylene plant has started operating steadily, with a slight increase in downstream propylene production. The acceptance of high prices for propylene has increased, resulting in a significant rise in propylene prices. Cost support, the increase in cost of isobutyraldehyde provides significant support.
Increased demand for isobutyraldehyde
The price of neopentyl glycol increased significantly in March. On March 9th, Yantai Wanhua quoted 9350-9500 yuan/ton, a significant increase from the March 1st quote of 7850-8000 yuan/ton. The price of neopentyl glycol has risen, and the demand for isobutyraldehyde has increased. The support for the rise in isobutyraldehyde prices has increased.
Market Overview and Forecast
The analyst of the isobutyraldehyde industry at Shengyi Society believes that due to the impact of the Middle East geopolitical crisis, crude oil prices have surged, costs have increased, and propylene prices have risen; In terms of supply and demand, the production of isobutyraldehyde is stable, and the supply of isobutyraldehyde is sufficient; In terms of demand, the price of neopentyl glycol has risen, and the demand for isobutyraldehyde has increased, with greater support for the rise in isobutyraldehyde. In the future, with rising costs and increased demand for isobutyraldehyde due to sufficient supply, the support for isobutyraldehyde prices is expected to increase significantly.