SunSirs: Domestic isobutyraldehyde rose 4.70% last week

1、 Price trend

It can be seen from the above figure that the domestic isobutyraldehyde market price rose slightly last week. Last week, the average price of isobutyraldehyde in the mainstream domestic market rose from 16300.00 RMB/ton at the end of the last two weeks to 17066.67 RMB/ton at the end of the last week, an increase of 4.70%.

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers increased slightly this week: the ex factory quotation of lihuayi isobutyraldehyde this weekend was 17000 RMB/ton, which increased by 900 RMB/ton compared with the weekend of the previous two weeks; The ex factory quotation of Hualu Hengsheng isobutyraldehyde at the end of last week was 17200 RMB/ton, which was 700 RMB/ton higher than that at the end of last two weeks; Shandong Zhenkun isobutyraldehyde offered 17000 RMB/ton last weekend. Compared with the weekend of the previous two weeks, the offer increased by 700 RMB/ton.

From the perspective of upstream and downstream industrial chains, the upstream raw material market of isobutyraldehyde, the propylene market fell slightly this week, and the price fell from 8330.60 RMB/ton last weekend to 8111.60 RMB/ton this weekend, a decrease of 2.63%. The market price of upstream raw materials fell slightly, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of isobutyraldehyde. From the perspective of downstream industrial chain, the market price of neopentyl glycol was adjusted at a low level, and the price was 16833.33 RMB/ton. The neopentyl glycol market was consolidated at a low level, and the downstream demand was weakened, which had a negative impact on isobutyraldehyde.

3、 Aftermarket forecast

In the first ten days of June, the market trend of isobutyraldehyde may decline slightly. The upstream propylene market fell slightly and the cost support was insufficient. The downstream neopentyl glycol market was consolidated at a low level, and the downstream purchasing enthusiasm was weakened. The isobutyraldehyde analysts of SunSirs believe that the isobutyraldehyde market may suffer a small shock and decline in the short-term under the influence of supply and demand, raw materials and other aspects.

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