Isobutyraldehyde prices fluctuated and trended upward

According to SunSirs' commodity price analysis system, as of January 28th, the domestic price of isobutyraldehyde was 6,016.67 RMB/ton, a fluctuating increase compared to the price of 5,766.67 RMB/ton on January 1st, representing a 4.64% increase. The fluctuating increase in propylene prices, coupled with low operating rates and low inventory levels at isobutyraldehyde manufacturers, led to a tight supply of isobutyraldehyde and a significant price increase.

The price of the raw material propylene was fluctuating and rising

According to SunSirs' commodity price analysis system, as of January 28th, the price of propylene was 6,411 RMB/ton, a fluctuating increase from the price of 5,717 RMB/ton on January 1st, representing a 12.13% 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, provided significant upward pressure on prices.

Isobutyraldehyde manufacturers were increasing production, leading to increased supply

In January, Yanzhou Mining's Lunan Chemical's 30,000-ton/year isobutyraldehyde plant continued to operate at a low level; Anqing Shuguang's isobutyraldehyde plant, with a designed capacity of 25,000 tons/year, was operating normally, with some production shifted to other products; Shandong Lihua Chemical's 25,000-ton/year isobutyraldehyde plant shifted production to other products; Jiangsu Huachang's old 30,000-ton isobutyraldehyde plant was operating normally, and the new plant was put into operation and was running smoothly; Dongming Dongfang Chemical's 15,000-ton/year octanol plant resumed operation. Overall, the operating rate of isobutyraldehyde manufacturers increased slightly, reaching approximately 87%.

Market Overview and Forecast

According to SunSirs' isobutyraldehyde industry analyst: In terms of costs, the significant increase in the price of propylene, the raw material, was providing strong support for higher isobutyraldehyde prices; in terms of supply and demand, increased isobutyraldehyde production had led to increased supply, reducing the upward momentum of isobutyraldehyde prices. Looking ahead, while the sharp increase in costs provides strong support for higher isobutyraldehyde prices, the increased supply also increases downward pressure. Overall, upward support for isobutyraldehyde prices remains, and the market is expected to see fluctuating upward price trends.

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