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 7066.67 yuan/ton at the end of last week to 7300.00 yuan/ton at the end of this week, up 3.30%. Compared with the same period last year, it fell 50.68% year-on-year. The isobutyraldehyde commodity index on March 5 was 37.06, which was the same as yesterday, down 64.90% from the cycle’s highest point of 105.58 (2021-09-16), and up 23.04% 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 7490.60 yuan/ton at the end of last week to 7516.60 yuan/ton at the end of this week, up 0.35%. 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 rose slightly, from 11033.33 yuan/ton at the end of last week to 11200.00 yuan/ton at the end of this week, up 1.51%. The market of neopentyl glycol rose slightly, and the downstream demand was good, which had a positive impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in the first ten days of March may be volatile. The upstream propylene market fell slightly over the weekend, with insufficient cost support. The market of neopentyl glycol in the downstream has a downward trend, and the purchasing enthusiasm in the downstream is general. The isobutyraldehyde analyst of the Business Club believes that the short-term isobutyraldehyde market may suffer from small fluctuations and falls under the influence of supply and demand, raw materials and other factors.
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