SunSirs: Domestic Isobutyraldehyde Rose 11.74% This Week (January 14-20)

Price trend

It can be seen from the above figure that the domestic market price of isobutyraldehyde rose sharply this week. The average price of domestic isobutyraldehyde in the mainstream market rose from 7,100.00 RMB/ton at the end of last week to 7,933.33 RMB/ton at the end of this week, up 11.74%. Compared with the same period last year, it fell 41.95% year-on-year.

The isobutyraldehyde commodity index on January 27 was 40.27, unchanged from previous day, down 61.86% from the highest point of 105.58 points (2021-09-16) in the cycle, and up 33.70% from the lowest point of 30.12 points on October 7, 2022. (Note: the period refers to the period from September 1, 2021 to now)

Analysis review

The quotation of mainstream isobutyraldehyde manufacturers rose this week: the ex-factory quotation of Lihuayi isobutyraldehyde this weekend was 8,400 RMB/ton, up 1,500 RMB/ton compared with last weekend; the ex-factory quotation of Hualu Hengsheng was 8,600 RMB/ton this weekend, up 1,000 RMB/ton compared with last weekend; the distribution price of isobutyraldehyde produced by Luxi Chemical, distributed by Shandong Zhenkun, was 6,800 RMB/ton this weekend, which was temporarily stable compared with the last weekend.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde rose slightly this week, with the price rising from 7,330.60 RMB/ton at the end of last week to 7,560.60 RMB/ton at the end of this week, up 3.14%. The market price of upstream raw materials rose slightly, and the cost support increased. 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 rose slightly, from 9,133.33 RMB/ton at the end of last week to 9,566.67 RMB/ton at the end of this week, up 4.74%. The market price of neopentyl glycol rose slightly and the downstream demand increased, which had a positive impact on isobutyraldehyde.

Market outlook

The market trend of isobutyraldehyde in the middle and early February may rise slightly. The upstream propylene market rose slightly, with good cost support. The market price of neopentyl glycol in the downstream rose slightly, and the enthusiasm of downstream procurement increased. The isobutyraldehyde analyst of SunSirs believes that in the short term, the isobutyraldehyde market may fluctuate and rise slightly under the influence of supply and demand, raw materials and other aspects of the isobutyraldehyde market.

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