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SunSirs: Up and Down Sharply, Iisobutyraldehyde Fell 33.56% in 2022-Ⅱ
March 08 2023 10:46:57SunSirs(John)

Review of isobutyraldehyde market in 2022

The market of isobutyraldehyde rose in a wide range in the first quarter.

In January, the rising trend in December 2021 was continued, with the upstream propylene market rising slightly and the downstream neopentyl glycol price rising sharply. The price of isobutyraldehyde rose from 9,733.33 RMB/ton at the beginning of the month to 15,400.00 RMB/ton at the end of the month, an increase of 58.22% in the whole month. In February, the upstream and downstream enterprises of isobutyraldehyde began to work, but the downstream market rose first and then fell, the downstream demand weakened, and the price of isobutyraldehyde rose first and then fell. The price dropped by 9.52% from 15,400.00 RMB/ton at the beginning of the month to 13,933.33 RMB/ton at the end of the month. In March, the price of isobutyraldehyde fluctuated and rose. The upstream propylene price rose first and then fell, while the downstream neopentyl glycol price fell 6.67%. The price of isobutyraldehyde rose from 13,866.67 RMB/ton at the beginning of the month to 15,566.67 RMB/ton at the end of the month, up 12.26%. The price of isobutyraldehyde rose 59.93% in the first quarter.

The market of isobutyraldehyde rose first and then fell in the second quarter.

In April, the market price of isobutyraldehyde upstream propylene rose slightly, the upstream support increased, and the price of isobutyraldehyde rose slightly. The price rose from 13,566.67 RMB/ton at the beginning of the month to 14,166.67 RMB/ton at the end of the month, up 4.42%. The price of isobutyraldehyde rose sharply in May, from 14,166.67 RMB/ton at the beginning of the month to 17,066.67 RMB/ton at the end of the month, up 20.47%. In June, the downstream market fell sharply and the enthusiasm of downstream procurement weakened. The price of isobutyraldehyde dropped by 50.81% from 16,400.00 RMB/ton at the beginning of the month to 8,066.67 RMB/ton at the end of the month. The overall price of isobutyraldehyde fell 40.54% in the second quarter.

The market of isobutyraldehyde continued to fall sharply in the third quarter.

The support of upstream propylene was insufficient. The downstream neopentyl glycol fell by 21.56% in the third quarter, and the downstream demand was poor. Under the influence of multiple negative effects, the price of isobutyraldehyde fell sharply in the third quarter. Isobutyraldehyde fell by 14.17% in July, continued to fall by 1.37% in August, and fell again by 18.72% in September. The price of isobutyraldehyde in the third quarter dropped from 8,466.67 RMB/ton at the beginning of the quarter to 5,933.33 RMB/ton at the end of the quarter. The price of isobutyraldehyde in the third quarter fell by 29.92% as a whole.

The market of isobutyraldehyde rose in shock in the fourth quarter.

The price of isobutyraldehyde rose first and then fell in October. After the National Day, isobutyraldehyde plants were shut down in some regions, and the isobutyraldehyde supply decreased. The price rose from 5,933.33 RMB/ton at the beginning of the month to 6,600.00 RMB/ton at the end of the month, up 11.24%. The price of isobutyraldehyde fell in shock in November. Propylene in the upstream had good support, and the demand for neopentyl glycol in the downstream was weakened. The price of isobutyraldehyde dropped from 6,600.00 RMB/ton at the beginning of the month to 6,233.33 RMB/ton at the end of the month, a decrease of 5.56%. The price of isobutyraldehyde rose in shock in December. The price of neopentyl glycol in the downstream rose slightly, and the demand improved. The price of isobutyraldehyde rose from 6,233.33 RMB/ton at the beginning of the month to 6,466.67 RMB/ton at the end of the month, up 3.74%. The price of isobutyraldehyde rose by 8.99% overall in the fourth quarter.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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