The price of isobutyraldehyde increased significantly

According to SunSirs' commodity price analysis system, as of December 12th, the domestic price of isobutyraldehyde was 5,700 RMB/ton, a significant increase from the price of 5,116.67 RMB/ton on November 1st, representing an increase of 11.40%. The price of propylene fluctuated upwards, coupled with low inventory levels at isobutyraldehyde manufacturers, leading to a sharp increase in isobutyraldehyde prices since November. Strong downstream demand and manufacturers' willingness to sell also contributed to the significant price increase.

The price of the raw material propylene was fluctuating and rising

According to SunSirs' commodity price analysis system, as of December 12th, the price of propylene was 6,220.75 RMB/ton, a significant increase from the price of 5,890.75 RMB/ton on November 7th, representing a 5.60% increase. Due to numerous maintenance shutdowns at propylene plants, the supply of propylene was temporarily tight, leading to fluctuating price increases. Cost support, particularly the rising cost of isobutyraldehyde, was providing significant support for the price increase.

Support from positive factors in the downstream market increased

According to the business data analysis system of SunSirs, as of December 12th, the price of neopentyl glycol was 8,275 RMB/ton, a fluctuating increase compared to the price of 7,825 RMB/ton on November 11th, with a rise of 5.75%. Neopentyl glycol manufacturers increased their prices; Yantai Wanhua's neopentyl glycol price rose to 7,400-7,600 RMB/ton, and Luxi Chemical's neopentyl glycol price was 6,200 RMB/ton. The neopentyl glycol market was operating strongly, with low inventory levels at neopentyl glycol factories, leading to an increase in market prices. Downstream demand provided support, and the increase in isobutyraldehyde also provided significant support.

Market Forecast:

According to SunSirs' isobutyraldehyde industry analyst: In terms of costs, the price of raw material propylene was fluctuating upwards, providing increased support for higher isobutyraldehyde costs; in terms of supply and demand, the supply of isobutyraldehyde was stable; and the rising price of neopentyl glycol supports the demand for isobutyraldehyde. Looking ahead, with rising costs and strong demand, isobutyraldehyde companies have a greater willingness to maintain or increase prices, and the price of isobutyraldehyde is expected to fluctuate upwards.

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