Price trend

According to the Commodity Analysis System of SunSirs, the domestic market price of isobutyraldehyde slightly decreased this week. The average price of domestic isobutyraldehyde mainstream market fell from 7,700.00 RMB/ton at the beginning of the week to 7,433.33 RMB/ton at the end of the week, a decrease of 3.46%. Weekend prices fell by 53.15% year-on-year.

On June 5th, the isobutyraldehyde commodity index was 36.38 points, a decrease of 1.35 points from the previous day, a decrease of 65.54% from the cycle's highest point of 105.58 points (2021-09-16), and an increase of 20.78% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

From the supply side perspective, the prices of mainstream manufacturers of isobutyraldehyde had slightly decreased this week, and inventory was low. The factory quotation for Lihuayi’s isobutyraldehyde over the weekend was 7,200 RMB/ton, a decrease of 300 RMB/ton compared to the beginning of the week; Hualu Hengsheng’s isobutyraldehyde factory price was quoted at 7,600 RMB/ton over the weekend, a decrease of 400 RMB/ton compared to the beginning of the week; The weekend distribution quotation for isobutyraldehyde produced by Luxi Chemical, distributed by Shandong Zhenkun, was 7,500 RMB/ton, a decrease of 100 RMB/ton compared to the beginning of the week.

From the perspective of the upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde had slightly declined this week, with prices dropping from 6,470.75 RMB/ton at the beginning of the week to 6,340.75 RMB/ton at the weekend, a decrease of 2.01%. And a year-on-year decrease of 21.53%. The upstream raw material market prices had slightly declined, and cost support was insufficient. Affected by the supply and demand side, it had a negative impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol was 10,433.33 RMB/ton. The neopentyl glycol market was consolidate at a low level, and downstream demand was average, which had a bearish impact on isobutyraldehyde.

Market outlook

The market trend of isobutyraldehyde in mid to late June may be mainly fluctuating and declining. The upstream propylene market had slightly declined, with insufficient cost support. The downstream market for neopentyl glycol consolidated at a low level, and the enthusiasm for downstream procurement had weakened. SunSirs isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.

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