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SunSirs: Domestic Isobutyraldehyde Prices Fell 2.05% this week (September 5-9)
September 14 2022 09:35:28SunSirs(John)

Price trend

As can be seen from the above figure, the domestic isobutyraldehyde market price fell slightly this week. This week, the domestic mainstream market price of isobutyraldehyde dropped from 8,133.33 RMB/ton at the beginning of the week to 7,966.67 RMB/ton at the weekend, a decrease of 2.05%.

On September 12, the isobutyraldehyde commodity index was 39.93, the same as previous day, down 62.18% from the highest point of 105.58 points in the cycle (2021-09-16), and up 18.00% from the lowest point of 33.84 points on August 07, 2022. (Note: The cycle refers to 2021-09-01 to the present)

Analysis review

The quotations of mainstream isobutyraldehyde manufacturers fell slightly this week: Lihuayi's isobutyraldehyde was quoted at 7,900 RMB/ton this weekend, compared with the beginning of the week, the quotation fell by 100 RMB/ton; the quotation of isobutyraldehyde of Hualu Hengsheng this weekend was 8,100 RMB/ton, compared with last weekend, the quotation dropped by 200 RMB/ton; the quotation of isobutyraldehyde in Shandong Zhenkun Luxi this weekend was 7,900 RMB/ton, compared with last weekend, the quotation fell by 200 RMB/ton.

From the perspective of the upstream and downstream industry chain, in the upstream raw material market of isobutyraldehyde, the propylene market rose slightly this week, and the price rose from 7040.60 RMB/ton last weekend to 7320.60 RMB/ton this weekend, an increase of 3.98%. The market price of upstream raw materials rose slightly, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol rose slightly, and the price rose from 9,966.67 RMB/ton at the end of last week to 10,433.33 RMB/ton this weekend, an increase of 4.68%. The market price of neopentyl glycol rose slightly, and downstream demand strengthened, which had a positive impact on isobutyraldehyde.

Market outlook

In mid-September, the trend of the isobutyraldehyde market may be dominated by a slight rise. The upstream propylene market rose slightly, and the cost support was strengthened. The downstream neopentyl glycol market rose slightly, and the downstream purchasing enthusiasm was good. The isobutyraldehyde analyst of SunSirs believes that under the influence of supply and demand and raw materials in the short term, the isobutyraldehyde market may fluctuate slightly and rise.

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

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