SunSirs: On May 4th, the Domestic Price of Isobutyraldehyde Increased by 8.91%
May 05 2023 14:25:49 SunSirs (John)
Product name: isobutyraldehyde
Latest price (May 4th): 8,150.00 RMB/ton
Analysis review
On May 4, the price of domestic isobutyraldehyde market rose sharply, an increase of 666.67 RMB/ton, or 8.91% compared to the price on May 3, and a decrease of 42.47% compared to the same period last year. Some manufacturers had stopped for maintenance, resulting in a tightening supply of isobutyraldehyde and tight spot circulation. Large factories raised their prices. The price of raw material propylene consolidated at a low level, and cost support was average. The downstream market for neopentyl glycol consolidated at a low level, and downstream customers had a average enthusiasm for purchasing isobutyraldehyde.
Market outlook
It is expected that the domestic isobutyraldehyde market price will rise slightly in shock in the future, mainly finishing. The average market price is around 8,500 RMB/ton.
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