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SunSirs: The Domestic Price of Isobutyraldehyde Fell 9.37% This Week) (September 17-23)
September 27 2022 10:05:48SunSirs(John)

Price trend

As can be seen from the above figure, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market fell from the price of 7,466.67 RMB/ton at last weekend to the price of 6,766.67 RMB/ton at this weekend, a decrease of 9.37%.

On September 25, the isobutyraldehyde commodity index was 33.84, the same as previous day, setting a record low in the cycle, a decrease of 67.95% from the highest point of 105.58 points on September 16, 2021. (Note: The cycle refers to 2021-09-01 to the present)

Analysis review

The quotation of isobutyraldehyde by mainstream manufacturers of isobutyraldehyde fell slightly this week: Lihuayi's isobutyraldehyde's ex-factory quotation this weekend was 6,800 RMB/ton, compared with last weekend, the quotation fell by 600 RMB/ton; the quotation of isobutyraldehyde of Hualu Hengsheng this weekend was 6,700 RMB/ton, compared with last weekend, the quotation fell by 700 RMB/ton; This week, the quotations of isobutyraldehyde by mainstream manufacturers of isobutyraldehyde fell slightly: the distribution price of isobutyraldehyde of Luxi Chemical in Shandong Zhenkun this weekend was 6,800 RMB/ton, compared with last weekend, the quotation fell by 800 RMB/ton.

From the perspective of the upstream and downstream industry chain, the upstream raw material market of isobutyraldehyde, the propylene market fell slightly this week. The price of propylene fell from 7,434.60 RMB/ton at the end of last week to 7,430.60 RMB/ton this weekend, a decrease of 0.05%. The market price of upstream raw materials fell slightly, and the 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 rose slightly, and the price rose from 10,300.00 RMB/ton last weekend to 10,366.67 RMB/ton this weekend, an increase of 0.65%. The market price of neopentyl glycol rose slightly, and the downstream demand was general, which had a positive impact on isobutyraldehyde.

Market outlook

In late September, the market trend of isobutyraldehyde may be mainly down slightly. The upstream propylene market fell slightly, and the cost support was insufficient. The downstream neopentyl glycol market has a downward trend, and the enthusiasm for downstream purchases weakened. 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  mainly fluctuate and decline slightly.

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

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