September isobutyraldehyde prices fluctuate and rise
As of September 20th, the domestic price of isobutyraldehyde was 8300 yuan/ton, a fluctuating increase of 5.51% compared to the price of 7866.67 yuan/ton on September 1st. In September, isobutyraldehyde remained stable and then rose, entering a high-level consolidation in the middle of the month. In mid September, the spot benchmark price remained stable at 8300 yuan/ton, in the high price range of the past year, with limited space to reach the high point of 8533 yuan/ton for the year.
Cost side: Upstream propylene high-level consolidation, cost bottoming out
On September 20th, the propylene price was 9641 yuan/ton, a fluctuating increase of 4.48% compared to the propylene price of 9227.67 yuan/ton on September 1st. The average spot price of propylene in September was around 9760 yuan/ton, which is at a high point of the year. The strong strength of propylene has raised the production cost of isobutyraldehyde, forming a strong cost bottom for isobutyraldehyde and causing significant resistance to its decline.
On the demand side: The demand is still acceptable, but caution should be exercised when chasing higher prices
The largest downstream consumption is neopentyl glycol. In early September, neopentyl glycol factories raised prices in a concentrated manner, maintaining a high level of production. The demand for essential purchases supported the upward trend of isobutyraldehyde. But the downstream of neopentyl glycol is traditional Jinjiu, but the terminal increment is not as expected; Downstream factories often use and purchase at will, with weak willingness to pursue high prices, which limits the upward potential of isobutyraldehyde.
Supply side: The device operates stably and has a high proportion of self use
The overall operation of mainstream carbonyl synthesis units was stable in September, with no large-scale shutdowns or maintenance, which supported spot prices.
Market Overview and Forecast
Analysts believe that the price of raw material propylene is high, with strong cost support, but the price has been at a one-year high, and downstream resistance to high prices limits the room for further significant upward movement; Downstream consumers refuse to stock up in large quantities due to their urgent needs. Overall, cost support has weakened, supply and demand growth is limited, and it is expected that the growth rate of the isobutyraldehyde market will slow down in the future, shifting from an “upward” trend to a strong and stable trend.
| http://www.sulfamic-acid.com |