Price trend

According to the Commodity Analysis System of SunSirs, the domestic market price of isobutyraldehyde had slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 9,000.00 RMB/ton at the beginning of the week to 9,133.33 RMB/ton at the weekend, an increase of 1.48%. Weekend prices were increased by 22.32% year-on-year.

On September 18th, the isobutyraldehyde commodity index was 45.52 points, a decrease of 0.84 points from the previous day, a decrease of 56.89% from the cycle's highest point of 105.58 points (2021-09-16), and a 51.13% increase from the lowest point of 30.12 points on October 07, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

From the supply side perspective, mainstream manufacturers of isobutyraldehyde haf slightly increased their quotations this week, and the inventory was low. The factory quotation for Lihuayi’s isobutyraldehyde over the weekend was 9,000 RMB/ton, an increase of 300 RMB/ton compared to the beginning of the week; Hualu Hengsheng's isobutyraldehyde factory quotation for the weekend was 9,300 RMB/ton, which was temporarily stable compared to the beginning of the week; Shandong Zhenkun had a weekend distribution quotation for Luxi Chemical’s isobutyraldehyde at 9,100 RMB/ton, which was an increase of 100 RMB/ton compared to the beginning of the week.

From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde had slightly increased this week, with prices rising from 7,175.75 RMB/ton at the beginning of the week to 7,338.25 RMB/ton at the weekend, an increase of 2.26%. The weekend prices fell by 1.30% year-on-year. The upstream raw material market prices had slightly increased, with good cost support. 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 had slightly increased, rising from 10,133.33 RMB/ton at the beginning of the week to 10,425.00 RMB/ton at the weekend, an increase of 2.88%. The weekend price had increased by 1.21% year-on-year. The market situation of neopentyl glycol had slightly increased, and downstream demand had increased, which had a positive impact on isobutyraldehyde.

Market outlook

In late September, the trend of isobutyraldehyde market may fluctuate and rise mainly. The upstream propylene market had slightly increased, with good cost support. The downstream neopentyl glycol market continued to rise, and downstream procurement enthusiasm had increased. SunSirs’ isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slightly fluctuates and rise due to various factors such as supply and demand and raw materials.

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