SunSirs: Domestic Isobutyraldehyde Market Price may Fall Slightly
March 02 2023 09:07:48
The latest price of isobutyraldehyde (February 28): 7500.00 RMB/ton, will be bearish in the future
Key points of analysis: The market price of isobutyraldehyde in China rose sharply on February 27, up 433.33 RMB/ton, or 6.13%, from the same period last year, down 48.04% year on year. The price of raw material propylene fell slightly, and the cost support was general. However, the market price of neopentyl glycol in the downstream market has stabilized at a high level, and the demand has gradually recovered. The downstream customers have a good enthusiasm for isobutyraldehyde procurement. At the same time, the manufacturer has a small amount of stock and a strong willingness to stand up.
Aftermarket forecast: the domestic isobutyraldehyde market price may fall slightly, mainly through consolidation. The average market price is about 7000 RMB/ton.
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