1、 Price trend
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As can be seen from the figure above, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 7033.33 yuan/ton at the weekend to 6833.33 yuan/ton at the weekend, down 2.84%. On November 6, the isobutyraldehyde commodity index was 34.69, unchanged from yesterday, down 67.14% from the cycle’s highest point of 105.58 (2021-09-16), and up 15.17% from the lowest point of 30.12 on October 7, 2022. (Note: Period refers to 2021-09-01 to now)
2、 Market analysis
The quotation of mainstream isobutyraldehyde manufacturers fell slightly this week.
From the perspective of upstream and downstream industrial chains, the propylene market of isobutyraldehyde upstream raw material market fell slightly this week, with the price dropping from 7340.60 yuan/ton at the end of last week to 7000.60 yuan/ton at the end of this week, a decline of 4.63%. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol fell slightly, from 10066.67 yuan/ton at the end of last week to 9633.33 yuan/ton at the end of this week, down 4.30%. Neopentyl glycol market fell slightly and downstream demand weakened, which had a negative impact on isobutyraldehyde.
3、 Future market forecast
The market trend of isobutyraldehyde in the middle and late November may fall slightly. The upstream propylene market declined slightly, and the cost support was insufficient. The market of neopentyl glycol in the downstream fell slightly, and the enthusiasm for downstream procurement weakened. The isobutyraldehyde analysts from the business community believe that the short-term isobutyraldehyde market may be subject to slight shock and decline under the influence of supply and demand, raw materials and other aspects.
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