Price trend
|
Details of the market price of isobutyraldehyde in Shandong on March 25 |
|||
|
Factory |
March 24 |
March 25 |
variation |
|
Hualu Hengsheng |
7,900 RMB/ton |
7,900 RMB/ton |
0 RMB/ton |
|
Luxi Chemical |
7,800 RMB/ton |
7,800 RMB/ton |
0 RMB/ton |
|
Ningxia Jiuhong |
7,800 RMB/ton |
7,800 RMB/ton |
0 RMB/ton |
According to the SunSirs Commodity Analysis System, the average domestic market price for isobutyraldehyde stood at 7,833.33 RMB/ton on March 25, remaining stable compared to the previous trading day.
Market analysis
Upstream propylene market trends have stabilized following a period of fluctuation, and the cost of isobutyraldehyde has similarly steadied. Yantai Wanhua has maintained its neopentyl glycol (NPG) quotation at 9,950–10,100 RMB/ton, holding prices steady for the time being; conversely, Luxi Chemical has lowered its NPG quotation to 8,500 RMB/ton. Downstream NPG prices have trended downward amidst market volatility, leading to diminished purchasing enthusiasm among downstream buyers. Consequently, operating rates for isobutyraldehyde production have declined, resulting in a reduction in supply. While production costs have decreased and downstream market conditions remained temporarily stable, overall upward support for isobutyraldehyde prices weakened, and downward pressure persisted.
SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.
