This week, the price of isobutyraldehyde stopped falling and rebounded

According to the Commodity Market Analysis System of SunSirs, as of April 15th, the domestic isobutyraldehyde quotation was 7,225 RMB/ton, a decrease of 0.86% from the isobutyraldehyde price of 7,287.50 RMB/ton on April 8th; The price of isobutyraldehyde increased by 0.17% compared to April 12th at 7,212.50 RMB/ton. Cost support increased and demand was weak, the downward pressure on isobutyraldehyde prices had weakened, and the upward momentum had increased, the price of isobutyraldehyde had stopped falling and rebounded this week.

The price of raw material propylene fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of April 15th, the price of propylene was 6,892.60 RMB/ton, a fluctuating increase of 1.06% compared to the price of 6,820.60 RMB/ton on April 8th. The price of raw material crude oil continued to rise, the cost of propylene had risen, the supply of propylene was sufficient, downstream construction had increased, and the enthusiasm for propylene transactions had increased. This week, the support for propylene's rise had increased.

Downstream demand was weak

According to the Commodity Market Analysis System of SunSirs, as of April 15th, the price of neopentyl glycol was 9,933.33 RMB/ton, a decrease of 0.33% compared to the price of 9,966.67 RMB/ton on April 8th. This week, the neopentyl glycol factory offered discounts on sales, resulting in high inventory levels among the neopentyl glycol manufacturers; Formaldehyde prices had fluctuated and fallen, while isobutyraldehyde prices had rebounded. In terms of raw materials, the downward pressure on neopentyl glycol had weakened, and the upward momentum had increased; Downstream demand for neopentyl glycol was weak. This week, the downward pressure on neopentyl glycol had weakened, and there was still upward momentum.

Market outlook

SunSirs' isobutyraldehyde industry analyst believes that in terms of raw materials, propylene prices had fluctuated and risen, isobutyraldehyde costs had risen, and the support for isobutyraldehyde cost increased; In terms of demand, the market support for neopentyl glycol was limited, and the price of neopentyl glycol was fluctuating and stabilizing. In the future, the cost increase of isobutyraldehyde will provide greater support, and weak demand will continue. The downward pressure on isobutyraldehyde will weaken, and the upward support will increase. It is expected that the price of isobutyraldehyde will fluctuate and stabilize in the future.

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