Price trend
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Details of the market price of isobutyraldehyde in Shandong on April 8 |
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Factory |
April 7 |
April 8 |
variation |
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Hualu Hengsheng |
8,500 RMB/ton |
8,500 RMB/ton |
0 RMB/ton |
|
Luxi Chemical |
8,400 RMB/ton |
8,400 RMB/ton |
0 RMB/ton |
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Ningxia Jiuhong |
8,400 RMB/ton |
8,400 RMB/ton |
0 RMB/ton |
According to the SunSirs Commodity Analysis System, the average domestic market price for isobutyraldehyde stood at 8,433.33 RMB/ton on April 8, 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 stabilized. Yantai Wanhua has raised its quoted price for neopentyl glycol to the range of 10,850–11,000 RMB/ton, while Luxi Chemical has also increased its quote to 8,900 RMB/ton. Consequently, downstream neopentyl glycol prices have trended upward amidst market volatility, stimulating increased purchasing activity among downstream buyers. Meanwhile, operating rates for isobutyraldehyde production have declined, resulting in a reduction in supply. Driven by rising production costs and price increases in downstream sectors, the market for isobutyraldehyde continues to find support for further upward movement, while downward pressure has subsided.
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