The price of isobutyraldehyde fluctuated and fell this week
According to the Commodity Market Analysis System of Business Society, as of April 8th, the domestic isobutyraldehyde quotation was 7287.50 yuan/ton, a decrease of 3.69% compared to April 1st isobutyraldehyde price of 7566.67 yuan/ton. Cost reduction and weak demand have increased the pressure on the price of isobutyraldehyde, leading to a volatile decline in isobutyraldehyde prices this week.
The price of raw material propylene fluctuates and falls
According to the Commodity Market Analysis System of Shengyishe, as of April 8th, the price of propylene was 6820.60 yuan/ton, a fluctuating decrease of 0.41% compared to the price of 6848.60 yuan/ton on April 1st. This week, the propylene manufacturer’s equipment restarted, and the supply of propylene was sufficient. Downstream rigid demand purchases were made, and the transaction situation of propylene was average. The price of propylene slightly decreased this week, but the support for the rise of propylene in the future is insufficient.
Downstream demand weakening
According to the Commodity Market Analysis System of Business Society, as of April 8th, the price of new pentanediol was 9966.67 yuan/ton, a decrease of 2.92% compared to the price of 10266.67 yuan/ton on April 1st. This week, the price of neopentyl glycol has fallen, some factories have offered discounts for sales, and the operating load of neopentyl glycol manufacturers has decreased. Downstream demand for neopentyl glycol has weakened, resulting in poor transactions in the neopentyl glycol market and significant downward pressure on neopentyl glycol.
Market Overview and Forecast
Business Society’s isobutyraldehyde industry analyst believes that in terms of raw materials, the price of propylene has slightly decreased, and the cost support for isobutyraldehyde has decreased. However, as crude oil prices continue to rise, the price of propylene has rebounded, providing some upward support for the cost of isobutyraldehyde; In terms of demand, the market for new pentanediol is weak, and the price of new pentanediol continues to decline. Manufacturers are offering more discounts for sales, and their production has decreased. The demand for isobutyraldehyde is weak, and the downward pressure on isobutyraldehyde is increasing. Overall, isobutyraldehyde has some upward support, but weak demand continues, and there is significant downward pressure on isobutyraldehyde. It is expected that isobutyraldehyde prices will fluctuate and consolidate weakly in the future.
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