Price trend

The market price of isobutanol remained roughly stable this week (4.15-4.21). According to the Commodity Market Analysis System of SunSirs, as of April 21st, the average price of isobutanol for enterprises was 7,950 RMB/ton, which was basically the same as last Monday's price.

Cost side:

Propylene: According to the commodity market analysis system of SunSirs on April 19th, the reference price of propylene was 6,932.60 RMB/ton, an increase of 1.23 compared to April 1st (6,848.60 RMB/ton). Recently, the raw material propylene market had slightly increased, providing sufficient support for the isobutanol market.

Isobutyraldehyde: According to the commodity market analysis system of SunSirs, as of April 19th, the domestic isobutyraldehyde quotation was 7,450 RMB/ton, an increase of 3.29% from the isobutyraldehyde price of 7,212.50 RMB/ton on April 12th, providing increased support for the isobutyraldehyde market.

Related product n-butanol:

Recently, the n-butanol market had been fluctuating and falling. According to the commodity market analysis system of SunSirs, as of April 19, 2023, the reference price of n-butanol in Shandong Province, China was 7,833 RMB/ton. Compared with April 14 (reference price of n-butanol was 7,933 RMB/ton), the price decreased by 100 RMB/ton, a decrease of 1.26%, which had a certain drag on the isobutanol market.

Supply and demand side: In the Shandong market, the supply side maintained a stable trend, while downstream buyers were cautious and cautious, mainly with small orders on demand being the main focus of market transactions. In the East China market, the supply side was relatively abundant, and downstream follow-up performance was average, with enterprises actively shipping as the main focus.

Market outlook

SunSirs' isobutanol analysts believe that the upstream isobutanol market had been operating strongly recently, with short-term cost support or continuation, and supply and demand support may be relatively limited. It is expected that in the short term, the isobutanol market may remain stable and operate in a wait-and-see manner, and more attention should be paid to the downstream pre holiday stocking situation.

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